When a person buys a house, his happiness is overflowing. What can cloud it is that he may not survive the payment period and the house is re-possessed by the loan company to be re-sold in the market.
The smart thing to do obviously is to add a little more payment to the loan sum by including a Mortgage Reducing Term Assurance policy. If death occcurs, this policy pays up the remaining outstanding amounts to the loan and the widow and family get the house fully-pay up.
"Life insurance isn't an added obligation; it's the best means for meeting the obligations that you already have."
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