
Mortgage Life Insurance is a life insurance type that pays off your mortgage in case of your death. It is basically a term life insurance policy with the policy term equaling the mortgage term.
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As an example, if you obtain a 30 year home mortgage, you would get a 30 year term life insurance policy. This way the mortgage would be paid off in case of your death, and your family would not be left in a financial predicament. Getting mortgage protection coverage is always
a wise choice when you first buy a home - especially if you have a family.
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Mortgage protection life insurance policies are usually very affordable and cheap, because they are just like a term policy. For example, if you are a 40 year old male smoker in California with regular health, the monthly cost of buying a $500,000, 20 year mortgage term life insurance policy would be around $160/month. But if you are a non-smoker, it would be around $65 per month to buy a policy. Click for your own rates!
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| States that we sell mortgage life insurance in: | ||
| Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware D.C. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas |
Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina |
North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming |
No matter how much life insurance you need, $50,000; $100,000; $200,000; $300,000; $400,000; $500,000; $600,000; $1,000,000, or your age, 40, 45, 50, 55, 60, 70, etc. - we can quote you the best insurace rates possible.
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