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  3. Mortgage redemption life

Exam term

Mortgage redemption life

Coverage on a borrower, commonly decreasing term, that provides funds toward a declining mortgage balance if death occurs during the term.

Lessons that use this term

  • Special life coverages: mortgage redemption, family, juvenile, and survivorship California

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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