SOLVED: The purpose of Mortgage Life Insurance:

The purpose of Mortgage Life Insurance:

Is to insure the Mortgage Loan in the event of the death of the Borrower

Is to insure the Mortgage Loan against the loss in the event a borrower defaults on a mortgage

Is to ensure Mortgage Loan in the event the loan is in default and the death of the borrower

None of the choices

Verified Answer

Correct Option - a

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