strongly suggest if you can to get the original documentation and check what is in the detail but unfortunately it could be the case.
They're kinda stuck. Might you have other life assurance that you could assign to the UB mortgage?
They are (stuck), but we could be too if we ever needed to claim.
My understanding of these block policies is that once you repay the mortgage, the bank will cancel the policy, so you're left with no cover.I don't see why. If you needed to claim any payout would still be yours as you no longer have a mortgage with EBS.
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