 |
Life Insurance Mortgage Online Quote – How To Shop For Mortgage Protection Online |
|
|
Submitted by Leann English
| RSS Feed
| Add Comment
| Bookmark Me!
The purchase of a new home is one of largest investment that we make. The homeowner policy is almost always purchased when anyone purchases a home. The bank lending the mortgage money will require a homeowner policy and become the lien-holder on the policy to protect the loan. The mortgage loan is a major debt and should be covered by life insurance. Mortgage life insurance can be purchased from just about any life insurance company. Shopping for mortgage life insurance online is relatively easy. The mortgage term policy is nothing more than a decreasing term policy. There are 10, 15, 20, and 30 year decreasing term policies and these policy periods can coincide with mortgage loans for the same time periods.
The mortgage term insurance policy is pure protection and has no cash value accumulation. There is another concept for purchasing life insurance for mortgage purposes. It is a mortgage -payoff concept. The purchase of a sizable permanent life insurance policy can be used to pay the mortgage off sooner with the cash value accumulation within the permanent plan. This type of planning is best done with an insurance professional.
Shopping for mortgage protection insurance online is fast and easy. Look for policy rates that match your mortgage balance and length of pay period. There may be some added features that you may want to look for also. The waiver of premium rider is relatively inexpensive. The waiver of premium is a disability rider that will pay the premiums on your mortgage protection policy if you cannot work because of injury or illness. If you owe $100,000 on your mortgage and have 20 years left to pay off your balance then you go shopping online for a 20 year decreasing term policy for $100,000. It’s that simple. Mortgage term protection rates are relatively inexpensive. Shop with confidence and make sure that you obtain rates with and without waiver of premium.
|
|
|
|
|
LinkedIn Recommendation:
 Carl Madden - Search Engine Marketing Consultant at Osato Tree - There are many times I have been stuck on something, but now I that I am working with Teo Graca, I know I can get unstuck quickly. He has a way of getting at the meat of the solution to any problem when it comes to business planning. I really don't know anyone with such a well rounded skill set. I think that is what makes it possible for him to do what he does. I highly recommend Teo and Net-Teams! - March 15, 2012, Carl was Teo's client |
|
Featured [insurance] Articles:
|
|
