Mortgage Protection Insurance Tampa FL – Mortgage Protection Basics – (813) 805-8850 What is mortgage life insurance? mortgage life insurance (or mortgage protection insurance), is meant to repay your mortgage if you were to die, or depending on the carrier, become disabled and can no longer make your payments. This type of life insurance.
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"Mortgage protection insurance is a life insurance program that gives you special benefits because you have a mortgage," says Andy Albright, president and CEO of National Agents Alliance, the largest mortgage insurance broker in the nation. The type of death benefit you receive depends on the type of policy you purchase.
For most part, homeowners’ mortgage is the single largest source of personal debt. Mortgage protection insurance is a specialized life insurance policy designed to pay off that debt in the event of your death. mortgage protection insurance eases the financial burden of your loved ones.
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