Mortgage Insurance
If you are like most people - your home is your largest asset and liability.
Most people owe more on their home mortgage than on any other asset.
Mortgage insurance is simply insurance that in the event of a premature death
would pay off the mortgage balance on your home, so that your loved ones would
not have to worry about the unpaid mortgage balance.
Next Generation of Policies...
In days past, as the mortgage balance went down so did the amount of
insurance - Decreasing Term Insurance.
Now it makes more sense to purchase a mortgage life insurance policy
that has a fixed benefit amount for the life of the term. Term
insurance is normally less expensive than whole life insurance AND in
the event of the premature death of the insured, monies would be
available not only to pay off the mortgage but to pay other bills, as
well.
Another perk of some of today's type of policies is the "Return of Premium"
benefit. If you keep the policy for the full term and do not use
the policy, then every
penny you paid in premiums over the years will be returned to you tax
free.
For more on this type of policy please call..
Locally you can call
(636) 239-1130
Or try our toll free number
(877) 919-1130
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