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To be eligible, your mortgage must be a Repayment type. This type of life insurance cover will provide your beneficiary with cash in an amount equal to the mortgage payoff amount should you die or be diagnosed with a critical illness during the cover term. Critical illness may or may not be considered an additional cost when you ask for a life insurance cover quote so ask for clarification. A critical illness may not cause death, but it can cause you to lose your job. Critical illness cover will pay you a lump sum should you be diagnosed with one of the covered illnesses during the term of your life insurance. The cover may have additional conditions so be sure to ask what they are. anz personal loan interest rates bad credit need studen loan high interest car loans fha loan mortgage rate