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While the homeowner is unable to carry out their occupation in the instance of an Installment Protector claim all premiums will be waived. Death benefit if Installment Protector benefit was claimed. The payment will provide for additional funds that are paid to the mortgage account if the cover amount is greater than the outstanding mortgage balance. The company is given a choice to choose either a complete benefit period which will provide complete pay, or a reward period but decreased levels of pay. The data consists of a general nature and shouldn’t be relied upon as a replacement for detailed planning. The complete terms and conditions are found in the policy document, which is sent to you on approval of this coverage.
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