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Level Term Mortgage Life Insurance

This type of Mortgage Life Insurance has a fixed amount of coverage that stays the same through the duration of the policy. It is designed to cover your mortgage and other living expenses such as school fees, debts etc. For this reason the fixed monthly premiums are more expensive as compared to Decreasing Term Mortgage Life Insurance.

Using the same example mentioned in Decreasing Term, your beneficiaries will receive the same amount of £300,000 in year one as well as 25 years later should you pass away.

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