You Do Not Need Life or Income Protection Insurance to Get a Mortgage

life insurance mortgage protection insurance what is the difference

There are many rumors that surround getting different types of insurance. One of the most prevalent ones is that you need life insurance or income protection cover to get a mortgage. Research shows that 30% of borrowers are told that life insurance is a legal requirement for applying for a mortgage while a further 50% of people who apply for a mortgage are told that they also need life insurance. Life Insurance and Income Protection Are Both Sensible Options Life insurance pays out a lump sum to your beneficiaries once…

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