Tag: assurance

Compare Life Insurance and Mortgage life insurance

Compare Life Insurance and Mortgage life insurance

Compare Life Insurance and Mortgage life insurance Mortgage life insurance: The need-to-knows Mortgage life insurance - also referred to as mortgage protection - is a type of life insurance that pays out if you die before you finish paying your mortgage, ensuring that your spouse and dependants don't need to worry about the monthly repayments. It can be called mortgage life insurance or assurance. You insure something that MAY happen, while you assure something that WILL happen. Death is of course assured, but as the question is "will you die before your mortgage is paid off?" many call it insurance, and here's what you need to know. Term life insurance vs. mortgage life insurance Both term insurance and mortgage life insurance provide a means of paying off your mortgage. W...