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What is Mortgage Protection Assurance?

April 26, 2017assurance mortgage

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What is Mortgage Protection Assurance?

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Mortgage Protection Assurance is a Term Life Assurance Policy, taken out to provide protection and peace of mind for anyone who has a mortgage. The intention is to provide enough money to pay off the outstanding amount of the mortgage on the death of the person who has the mortgage, which enables their family to remain in the family home, without the worry of trying to keep up mortgage payments with the main breadwinner gone.