Monday, August 18, 2014

What is Mortgage Life Insurance?

Are you looking for life insurance to protect your mortgage, your home, and your family?

If so, mortgage life insurance may be the plan you need.

Mortgage term life insurance provides you with an affordable to to make sure your family can stay in the home they share with you, incase you die.

With mortgage term life coverage you choose the term of your coverage from 10, 15, 20 or 30 years. Usually, you’ll want to pick the length of tine you have your mortgage loan – 20 or 30 years.

You select a beneficiary to receive the death benefit from your life insurance (usually your spouse), who can use the money to pay off the mortgage.

Here’s how you can learn more about mortgage life insurance and request your free quotes online today.

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