LASACO Mortgage Protection Insurance
Pays outstanding principal amount of mortgage in the event of untimely death of the mortgagor or borrower
Features of Mortgage Protection Insurance Policy
Do you have a mortgage on your house or an outstanding bank loan? Then this is the contract to ensure payment of the outstanding amount in case of untimely death of the mortgagor/borrower
This is a cover on any facility granted by mortgage institution for the procurement of property. The facility is usually on a residential house under the mortgage in case of death of the mortgagor.
Staff Housing Scheme Protection
In circumstances where your company adopts a Staff Housing Scheme, a Mortgage Protection Policy should be put in place to dovetail with the Scheme such that when an employee dies before the loan is fully repaid, the balance of loan yet unpaid is borne by the insurance company.
A suite of amazing policy benefits tailored to your specific needs
Premium is Tax Exempt