»Ê¹ÚÌåÓýapp

Mortgage protection policies are policies owned by the deceased which are taken out to pay off the outstanding loan on a property on the deceased’s death. »Ê¹ÚÌåÓýappy are designed to protect the beneficiaries/ dependants from having to continue to pay the outstanding loan following the deceased’s death.

»Ê¹ÚÌåÓýappy should not be confused with mortgage indemnity guarantees which, although they are paid for by the borrower, are actually owned by the lender. »Ê¹ÚÌåÓýappse are designed to protect the lender, for example, if they have lent more than the market value of the property.