What is Mortgage Life Insurance

Mortgage life insurance is an insurance policy that allows you to repay your mortgage debts when you are no more. This type of insurance policy is designed to help you protect your house from foreclosure when you are gone. Unlike traditional life insurance, mortgage life insurance repays your death benefit only when the insured dies and the mortgage debt is still in existence. Types of...Read More

Pros and Cons of Mortgage Life Insurance

You are not alone if you are ambivalent whether to buy mortgage life insurance or not. To guide your decisions whether mortgage life insurance is worth having, we’ve come with the pros and cons of mortgage life insurance. Read on to learn more. Pros Less stressful underwriting: The underwriting process or mortgage life insurance is a breeze. To qualify for this policy, you don’t even...Read More

Mortgage Life Insurance Vs. Term Life Insurance

If you are still thinking whether to buy either mortgage life insurance or term life insurance, you are not alone in this puzzle. A mortgage life insurance policy is a policy where your insurance provider pays your mortgage debt after your death. A term life insurance, on the other hand, is a policy where your insurance provider pays a death benefit to the beneficiary if you...Read More