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What is Mortgage Life Insurance?
Like all life insurance policies, mortgage life insurance provides money to a beneficiary when the policy holder passes away. However, with mortgage life insurance, the beneficiary is the mortgage lender.
With life insurance specific to your home, you have the peace of mind to know in the event you pass away before paying off your home, your policy will pay any remaining balance left on your home so that the debt does not pass on to your family.
If a mortgage is still in existence when the borrower passes, this type of policy is fundamentally essential in securing your Real Estate assets.
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Click here to schedule a time to discuss your insurance needs or click the button below to contact us and we'll get back to you.
License #0K46486
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