February 18, 2007

Say "No" to Mortgage Life Insurance

0

Say "No" to Mortgage Life Insurance

 

Mortgage insurance is designed to repay your mortgage in the event of your death, disability or some incapacitating disease. But the cost of this type of policy can be three to five times as much as comparable term-life insurance, according to Consumer Reports.

 

Plus, the value of this insurance actually declines as you pay down your mortgage.  If you're worried about burdening your heirs with mortgage payments, you'd be better off buying straight life insurance.

 

Leave us your comment about the article. We would love to hear from you!

 

 

Remember, First EXCLUSIVE Buyer’s Agent, Inc. is a real estate company providing the highest quality service for homebuyers seeking property throughout the Seattle area, including King County and Pierce County. If you'd like to search for Seattle real estate, or real estate in King County or Pierce County, simply click the "Search for Seattle Real Estate" link at the top or bottom of this page.

Like This Article? Please Tell Others About It:

Buzz Up Digg Mixx
Print

Leave a Comment

Fields marked by an asterisk (*) are required.

Subscribe without commenting