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Life Assurance
Depending on the nature of the assurance policy you may pay assurance premiums up until the end of your life or up until a specified age An assurance policy that pays out on first death is beneficial for those carrying a mortgage and where the deceased's life partner and/or dependants are still alive Pay out is on a regular basis (like an income) until full term of the assurance is reached This is a basic life policy that runs to a specified term, often coinciding with the life of a mortgage