Mortgage Life Insurance: 3 Things You Need to Know
While you were signing the paperwork for your mortgage, did a bank employee ask you to consider purchasing mortgage insurance protection? You were probably told “…it will pay your mortgage if you die…just a few medical questions… it’s inexpensive…”. While that person may have had the best of intentions, he or she probably lacked the training needed to make you aware of important contractual details and how these compare with other insurance protection options.
Here are 3 important things you should know about most mortgage insurance policies:
1. You do not control the benefit
In the event of your . . . [more]


