228. _________ life insurance pays off a policyholder’s mortgage in the event of the person’s death.

✅ ANSWER: B
Mortgage life insurance pays off a policyholder’s mortgage in the event of the person’s death. This protects a mortgage holder’s heirs in the event of his/her untimely demise. If the beneficiary dies after he/she has finished paying for the house, no mortgage life insurance is paid out.