Direct answer
It depends on the policy terms, as some plans provide a set death benefit amount that may or may not match your exact remaining mortgage balance at the time of a claim.
Standard life insurance policy provisions and contract definitions regarding death benefit payouts. For additional information about life insurance policy standards and consumer protections, see the National Association of Insurance Commissioners‘ guide to life insurance.
What this means for you
It depends on the policy terms, as some plans provide a set death benefit amount that may or may not match your exact remaining mortgage balance at the time of a claim.
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This page is informational and not a coverage guarantee or quote.
