Mortgage
life insurance is a reducing term life insurance policy which
guarantees that if you die your mortgage will be paid in full.
The coverage decreases as the mortgage balance declines and it is
recommended for the borrower to have a mortgage life insurance
policy. Mortgage life insurance provides a safety net for your
family should you or your spouse pass away and pays out a guaranteed
cash sum during if you die the policy term or are diagnosed with a
terminal illness with less than 12 months to live within this
period. The market for mortgage life insurance policies is
competitive. But, when you buy a mortgage life insurance
policy through your lender, you have no opportunity to shop around
unlike comparing quotes with AllOptions at no cost or obligation.
Life Insurance Calculator
-
Enter your current assets, expenses,
income and let us determine how much
life insurance you need.