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Mortgage loan insurance policy coverage defends your home and your family by offering a lump sum to pay off your mortgage should you die while the plan is in force.

There are two types of mortgage life protect - stage term and decreasing term insurance policy. With stage term mortgage insurance policy coverage, the value of your plan (the amount you are insured for) remains the same for as long as the plan is in effect. With decreasing term mortgage insurance policy coverage, on the other hand, the value of the plan decreases in line with the reducing balance of your home loan.

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The cost of a renters insurance policy plan relies upon on how large your mortgage is, the phrase of the mortgage, the kind of insurance policy you buy, and your health. No matter of which kind you select, the plan terminates when the home loan is paid in full, or when a claim is made.

   • Life Insurance for Seniors Over 75  

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