Mortgage life insurance is a form of insurance specifically designed to protect a repayment mortgage. If the policyholder were to die while the mortgage life insurance was in force, the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage.
| July, 17 2020 | Ty Taylor | What is Term life Insurance? Term life Insurance is a contract between you and an insurance company that lasts for a specific period of time, such as 10, 15, 20, 30 years or until you reach the age 65. In exchange for your premium payments, the insurer […]