Mortgage Protection/Life Insurance
Tarnia Elsworth • February 15, 2022
Mortgage Protection Fact
FACT OF THE DAY
42% of mortgage holders don’t have life insurance!! (according to The Crystal Group Survey MAY 2021)
This means if you leave debts, all your creditors will still need to be paid. That includes your mortgage.
So, what would happen to your property if you don't have life insurance?
Well, your lender has the right to demand the full mortgage amount to be repaid. If the total value of your estate cannot meet this amount, the lender may request that your property is sold so that they can recoup whatever is owed to them.
If you are one of the 42%, Life Insurance is easy to sort, get in touch with us to provide peace of mind for you and your family.
If you are seeking help or guidance in relation to this, we're here for you.
It's better to be safe than sorry; always take advice from a professional.
It's crucial that you do.
We understand, it can be daunting, but it doesn't have to be.
Thank you for your lovely review, Janet!
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