This is designed to pay off the outstanding Mortgage  in the event of death or total and permanent disability of the borrower. The beneficiary is usually the lender or the financial institution

1. Pays the deceased’s outstanding loan in the event of death
2. Alleviates financial strain on the deceased’s dependants.
3. Protects the lenders or financial institution  reputation

1. Details of the company: company registration, KRA pin
2. Total number of members in the institution
3. Mortgage Loan balances

Age  18yrs- 65yrs.

Above 65yrs to be considered subject to medical examination.