What is (MRI) Mortgage Redemption Insurance?
Covers long term loans where the loan is secured with property as collateral. Usually coverage is based on outstanding balance, like housing loan, auto loan, and real property loan.
What is the advantage of having Mortgage Redemption Insurance?
The advantage is that your mortgage would be paid for in case of your death. However, you could just as easily take out a normal term life insurance to do the same thing, but this gives you greater flexibility.
The advantage is that your mortgage would be paid for in case of your death. However, you could just as easily take out a normal term life insurance to do the same thing, but this gives you greater flexibility.
Want to know more about (MRI) and how it will help you? Give us a call now!
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