Mortgage protection is a form of life insurance specifically set up to cover the mortgage debt in the event life or critical illness.
It is set for the term of the mortgage and decreasing in line with the mortgage balance. It is set to cover, a death, a critical illness, the pay-out can be used to clear debts such as a mortgage, keeping the family in their home, without the need for downsizing or re financing, it what would be a stressful time.
