NY
Mortgage Protection Assurance
Nyala Insurance Share Company (NISCO)
Job Description
Job Description
Is an assurance policy designed specifically to repay mortgage debt in the event of the death of the borrower. These policies differ from traditional life assurance policies in that, for a traditional policy, the death benefit is paid out when the borrower dies; however, a mortgage life assurance policy doesn't pay unless the borrower dies while the mortgage itself is still in existence.
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