An Income replacement policy used for a single borrower or where protection is required for the main wage earner only. Cover may also be available for self-employed borrowers.
The details of income replacement policies vary from insurer to insurer and from policy to policy.
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Think Carefully Before Securing Other Debts Against Your Home. Your Home May Be Repossessed if You Do Not Keep Up Repayments On A Mortgage Or Other Debt Secured On It.