Mortgage Life Insurance

Mortgage Life Insurance, commonly known as mortgage protection is a common form of life insurance. Generally, your bank will request that you have a mortgage protection policy in place before the mortgage funds are made available.

When taking out Mortgage Protection you can often add on a Specified Illness plan which will provide a cash lump sum to help you continue to pay off your mortgage and other bills should you be diagnosed with one of the specified Illness covered by the plan.