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This insurance plan safeguards the bank's cash in the event of default by the debtor as well as subsequent loss as an outcome of foreclosure by the lender versus the customer. It additionally makes good sense not just to cover the danger of death but also to think about including Crucial Health problem cCover to your life insurance policy plan. Including this alternative suggests that the mortgage could be repaid needs to either companion suffer a 'essential ailment' as specified by the plan's terms.