This policy is designed to protect your loved ones in the event of your death. In difficult situations, your beneficiaries will be relieved of the financial burden of the mortgage, as they will receive a sum insured that will allow them to carry on without financial worries.
In the event you face a total and permanent disability that prevents you from working and meeting your financial obligations, this policy will take effect. It will provide you with invaluable protection by covering your mortgage payment during the period of disability, thus ensuring that your home is not put at risk.
If you find yourself involuntarily unemployed, this insurance will cover your mortgage payments for a set period of time. It will give you financial breathing room while you look for new job opportunities and ensure that your home remains protected.
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