Mortgage Cover is a decreasing term plan which provides financial protection for the outstanding capital of a mortgage loan in the event of death, total and permanent disability or terminal illness during the policy term. Age limits apply. You do not need to pay premiums during the last three years of coverage. The sum assured payable during the coverage term of the policy depends on the interest rate and the policy term selected at the commencement of the policy. The sum assured payable reduces annually as indicated in the sum assured schedule.