What's the difference between life insurance and Mortgage Protection?
Life insurance and Mortgage Protection are two different types of cover that pay out if you die.
Mortgage Protection is linked to your mortgage amount and term. It’s sole purpose is to pay off your mortgage.
On the other hand, life insurance pays your family a lump sum. They can use this to pay off outstanding loans and maintain their financial security. You have the freedom to choose how much cover you need and how long your policy should last.