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CeMAP Exam
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A couple are taking out an interest-only mortgage. They require life assurance to repay the capital at the end of the term should one of them die. Which of the following policies would be most suitable for this purpose?
Family Income Benefit
Level Term Assurance
Decreasing Term Assurance
Accident, Sickness and Unemployment cover
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Correct Answer:
Level Term Assurance
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