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Mortgage Life Insurance
What is mortgage life insurance?
Mortgage life insurance is a form of insurance designed to pay off the remaining mortgage debt of the insured if the policyholder dies during the time of coverage.
The advantages of mortgage life insurance include:
- Straightforward coverage with an immediate benefit
- No medical exam is required
- Easy to get approved for mortgage life insurance
- Terminal illness and incurable disease benefits are typically included
- Gives the policyholder absolute control of benefit usage, because funds are paid directly to the mortgage lender
{ 3 comments… read them below or add one }
I currently have term insurance with another company which is due to expire this month. I basically want Life Ins. to pay off my home incase something happened to myself or husband. We have term ins on husband 250,000 & 150,000 on me for around $99.00 @ month. Currently my husband is unemployed & i recently diagnosed with breast cancer which has been caught very early. Already had the mass removed & to start radiation soon. What can you offer me without a medical exam.
Pam, thank you for contact us. We will contact you via email very shortly to answer your question.
I would like more info on Mortgage Life Insurance