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A Life Insurance Policy protects you and your family from financial hardship should you die early.
Life Insurance can also be beneficial for inheritance tax planning purposes.
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Life Insurance Policies
Life Insurance gives wonderful peace of mind, knowing that should you die prematurely during your mortgage term, your family will be able to pay off the remaining balance on your mortgage.
The amount of life insurance cover you may need and the length of time you should be protected for, all depends on the amount and duration of your mortgage. As you pay off your mortgage balance, your life insurance cover generally reduces in line with the reducing amount you owe on your mortgage.
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