Basically if a person who has a property with MRTA covered and was one of the co-owner of the property with his wife as his beneficiary died in an unfortunate event, does that mean the house is free from debt assuming the house was bought under a bank loan or the beneficiary has to pay partially of the monthly installment? (The house title has both the husband's and the wife's name)

What if the property was a sole owner but wife as beneficiary? (The house title has only his name)

Enlighten me...