Mortgage Term Life Insurance

Term life insurance provides coverage at a fixed premium for a limited period of time known as the coverage period. If the insured dies during the term (or coverage period), the death benefit will be paid to the beneficiary.

Mortgage (Decreasing Term) Life Insurance

If you’re paying a mortgage, maybe you’ve thought about decreasing term life insurance. With a decreasing term life insurance policy, when you die, the policy is there to make sure the institution that lent you the money for your mortgage will get paid. That can be a big help to your spouse and family, but you might help them more with a term life insurance policy instead.

This type of mortgage protection often is purchased from a bank or lender where you pay a non-changing premium for the duration (or term) of your mortgage. If you die while the policy is in effect, the insurance pays off your mortgage and ONLY your mortgage.

Mortgage Term Life Insurance

Mortgage term life insurance plans pay out money to the mortgage-lending institution and your beneficaries. This feature gives your family more flexibility to manage without you. They can use the money to pay the mortgage and they can use it to pay off debts, or make other investments to secure their financial future.

Mortgage life insurance plans will always cover the amount that’s owed to the mortgage lender. However, as you pay down your mortgage, your life insurance policy coverage does not change along with your mortgage balance, effectively giving you better value from your monthly premiums.

It's important to get lots of mortgage life insurance information before you buy to help protect your family's financial future with a mortgage life insurance policy.

A good term life insurance policy will take into account all the money that your family will need – including money to cover the mortgage payments. But there’s more.

U.S. States Available

U.S. States Available:

Provider Type:

General Agency

Admitted:

0

Carriers:

Carrier Ratings:

A

Commission:

Varies

Min Premium:

-

Coverages:

Individual Life Insurance Life Insurance (Mortgage Insurance) Life Insurance (Term) Mortgage Life Insurance Term Life Insurance

Application Processing

Thank you for your interest in DAI. Please take a moment to look at the Application Processing link. Contact us if you have any questions.

We look forward to working with you!

DAI (Dworkin Associates Inc.)

PO BOX 2000 | Rochester, NH 03866
Phone – (800) 777-0061
Fax – (603) 332-0955

[email protected]

CompleteMarkets is The Insurance Industry's Professional Network

Please Register for FREE or Sign In to contact

Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!

Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.

Dworkin Associates, Inc. has other insurance programs like Children's Whole Life Insurance.

Dworkin Associates, Inc.

Dworkin Associates, Inc.

Hi, !

Mortgage Term Life Insurance

U.S. States Available