If you have a mortgage, you need mortgage protection. Generally, your bank will request that you have a mortgage protection policy in place before the mortgage is put in place.
You can protect:
- Single cover
Which means we will make the payment if you die during the term of the plan; or
- Joint Cover
(you and your partner) which means that we will make the payment if you or your partner die during the term of the plan. However, we will only make the payment once.