Jan
19
2010
A look at mortgage term life insurance (The Gilroy Dispatch)
Posted by: in Mortgage Loans News, tags: Dilemma, Excerpt, Gilroy Dispatch, Heirs, Helping Hand, Insurance, Life Insurance Policy, Mortgage Insurance, Mortgage Lender, Proceeds, Term Insurance, Term Life Insurance, Term Life Insurance Policy, Term Life Policy, Webmasterwebmaster@technorati.com wrote an interesting post today on
Here’s a quick excerpt
A potential “helping hand” for a homeowner’s heirs. No one wants to saddle their heirs with the hard choice of paying off an unsettled mortgage or selling or losing a home. A mortgage term life insurance policy can provide relief in such a dilemma. Simply put, this is a term life policy designed for homeowners. If you die owing a huge sum to a mortgage lender, the proceeds from the policy will …
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