Mortgage Life Insurance

Mortgage Life Insurance

There are all kinds of life insurance policies available, including mortgage life insurance. Also known as mortgage protection life insurance, this type of coverage is specifically related to the repayment of home mortgage upon the death of the policy owner. Most people who do choose this type of policy get one that is equal in value to the original amount of the mortgage. Rather than having your insurance coverage decrease as the mortgage amount goes down, you can get an inexpensive term life insurance at a level rate.

In recent years the trend for policy seekers has been to purchase ROP or return of premium policies to serve as mortgage term insurance. There is a logical reason behind this decision, as traditional mortgage related policies are not as attractive as term life policies. Term life policies are more competitive and when you choose a return of premium policy you get all your money back at the end of the term. If you are still living, the funds can be used any way you choose including to pay your mortgage. If you die before the term is up, your beneficiary will get the funds or your executor will use them to pay your mortgage, it all depends on what you have specified in your policy and will.
If you're looking for value, ask your insurance agent about a level term life policy. These policies come in terms like 10 years, 20 years, 25 years and 30 years. During the term the coverage and the premium will stay the same. That means your coverage will never decrease and your payments will never increase. While insurance coverage for mortgage protection is still offered by some companies you may decide it is a better choice to go for something like the return of premium or level term life policy. You should definitely shop around to see who offers the best coverage for the best price.
To get quotes for mortgage life insurance, try searching online for free life insurance quotes. There are a large number of websites offering free quotes for potential customers. While these free quotes are only basic estimates, they can help you figure out which company you want to go with. Once you've obtained your quote or quotes and applied for coverage, you will be informed of the actual premium price and your coverage will begin on the date specified by your insurance company.

Life Insurance News:

10 Commonly Overlooked Features of Life Insurance Policies - MarketWatch (press release) 10 Commonly Overlooked Features of Life Insurance Policies MarketWatch (press release) 17, 2011 /PRNewswire via COMTEX/ -- Purchasing life insurance is one of the most important financial decisions consumers make. Yet they often know very little about the features of their plans, so they fail to take advantage of them. . and more » ..

Smokeout: How much life insurance your cigarette money could buy - Fox Business Smokeout: How much life insurance your cigarette money could buy Fox Business 17, then consider the high price of cigarettes and how quitting smoking can affect your life insurance quotes. A smoker in New York, the state with the highest average retail price for a pack of cigarettes at $9.11 when all of the taxes are added, . and more » ..

Nippon Life Insurance cuts its stake in Olympus - Taipei Times Moneycontrol.com Nippon Life Insurance cuts its stake in Olympus Taipei Times One of Olympus Corp's top shareholders, Nippon Life Insurance, cut its stake in the scandal-hit Japanese firm, but yesterday signaled it would remain as an investor in the company, citing its strong core business and technology. . Nippon Life: will support Olympus from "current position"Reuters Japan insurer reduces scandal-ridden Olmpus stakeBusinessWeek Nikkei Edges Higher in Volatile Trading; Olympus in Focus123Jump.com Wall Street Journal -Bloomberg all 157 news articles » ..

Life insurance options after a breast cancer diagnosis (ARA) - More women are surviving breast cancer and living healthy and fulfilled lives thanks to early detection, advanced medical treatments and new options that may not have been available before...

Matrix Direct Wins Workplace Excellence Grand Prize San Diego-based term life insurance agency takes home top award from local chapter of the Society for Human Resource Management (PRWeb November 18, 2011) Read the full story at http://www.prweb.com/releases/2011/11/prweb8975524.htm..

Liberty Life Selects iPipeline to Automate Marketing, Selling and Processing . - MarketWatch (press release) Liberty Life Selects iPipeline to Automate Marketing, Selling and Processing . MarketWatch (press release) Headquartered in Greenville, SC, Liberty Life Insurance Co. provides retirement income solutions that help Americans prepare for the future. For over a century, Liberty Life has earned the trust of its policyholders through financial stability, . and more » ..

Pan-American Life Insurance Group Names New Board Member - Sacramento Bee Pan-American Life Insurance Group Names New Board Member Sacramento Bee By Pan-American Life Insurance Group NEW ORLEANS, Nov. 16, 2011 -- /PRNewswire/ -- Pan-American Life Insurance Group (PALIG), a leading provider of life and health insurance in Latin America and the United States, announced today that Dr. Patrick J. . Pan-American Life Insurance Group Names New Board MemberPR Newswire (press release) all 7 news articles » ..

Douglas A. Wheeler Joins New York Life as Vice President in Governmental Affairs NEW YORK--(BUSINESS WIRE)--New York Life Insurance Company, Americas largest mutual life insurer, announced today that Douglas A. Wheeler has joined the company as a vice president in its Office of Governmental Affairs. He reports to Senior Vice President in charge of the Office of Governmental Affairs, George Nichols III. Mr. Wheeler is responsible for overseeing all state government relations ...

San Francisco Bay Area Insurance Agency of MassMutual Financial Group Opens New Palo Alto Office to Continue Focus on . WALNUT CREEK, CA-- - The San Francisco Bay Area Insurance Agency LLC, a Massachusetts Mutual Life Insurance Company General Agency, is opening a new Palo Alto office to continue and expand its focus on ...

First Person: Why We Have Term Life Insurance *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

Over 1,000 People are Talking About Online Insurance Marketplace on the Facebook Platform Over 1,000 People are Talking About Online Insurance Marketplace (http://www.OnlineInsuranceMarketPlace.com) on the Facebook PlatformLos Angeles, CA (PRWEB) November 18, 2011 Online Insurance Marketplace, the premiere site to get term life insurance quotes instant, announced today that the company has over 1,000 people talking about them on their page on the Facebook Platform. To be exact, 1 ...

First Person: Why I Don't Have Life Insurance *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

First Person: What to Know About Borrowing Against a Whole Life Insurance Policy *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

AM Best Upgrades Continental Life Insurance Company and Its Subsidiary - MarketWatch (press release) AM Best Upgrades Continental Life Insurance Company and Its Subsidiary MarketWatch (press release) The principal methodology used in determining these ratings is Best's Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of AM Best's rating process and highlights the different rating . and more » ..

Douglas A. Wheeler Joins New York Life as Vice President in Governmental Affairs - MarketWatch (press release) LifeHealthPro Douglas A. Wheeler Joins New York Life as Vice President in Governmental Affairs MarketWatch (press release) NEW YORK, Nov 18, 2011 (BUSINESS WIRE) -- New York Life Insurance Company, America's largest mutual life insurer, announced today that Douglas A. Wheeler has joined the company as a vice president in its Office of Governmental Affairs. . NY Life Boasts New State Affairs LiaisonLifeHealthPro all 9 news articles » ..

Many life insurance aspects taken for granted - USInsurance Online.com Many life insurance aspects taken for granted USInsurance Online.com A recent report from life insurance company Colonial Life noted some aspects of life insurance policies that consumers do not take advantage of as much as they probably should. Wavier of premium allows consumers who become sick or disabled to have . Allianz Life Announces Appointment of Carsten Quitter as New Chief Investment .MarketWatch (press release) Allianz Life hires chief investment officerInsurance Business Review Allianz names new chief investment officerMinneapolis / St. Paul Business Journal all 8 news articles » ..

First Person: Life Insurance and Disability for Small Business Owners *Note: This was written by a Yahoo! contributor. Do you have a small business story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

First Person: Why My Kids Have Life Insurance *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles. ...

VA Life Insurance Program Rated Highest in Customer Satisfaction - MarketWatch (press release) VA Life Insurance Program Rated Highest in Customer Satisfaction MarketWatch (press release) WASHINGTON, Nov 16, 2011 (BUSINESS WIRE) -- The Department of Veterans Affairs' Life Insurance Program has once again validated, through a renowned independent survey, that Veterans and their beneficiaries are very highly satisfied with the service . and more » ..

SOUTHERN PIONEER LIFE INSURANCE CO. v. THOMAS - Leagle.com Paragould Daily Press SOUTHERN PIONEER LIFE INSURANCE CO. v. THOMAS Leagle.com Appellant Southern Pioneer Life Insurance Co. ("Southern Pioneer") appeals the Greene County Circuit Court's denial of its motion to compel arbitration. An order denying a motion to compel arbitration is an immediately appealable order. . Court affirms judge's decision in Thomas caseParagould Daily Press all 2 news articles » ..