Insurance: Mortgage or addtional life?
accidental death mortgage insurance called "optional insurance" mortgage industry professionals.
in mortgage industry, optional insurance thought rip-off. if have sort of life insurance, beneficiaries receive ton of money if die. if choose pay off mortgage cash, nothing stopping them. if wish buy new house or open new business (and leave mortgage balance is), have options well.
recommend against mortgage life insurance (optional insurance). can better deal on regular life insurance policy accomplish same objectives , offer beneficiaries more flexibility.
hope helps.
luck!
is better purchase enough additional life insurance cover remaining balance on mortgage or purchase mortgage insurance? more economical after age 45?
suggestions on reasonably priced mortgage ins. companies?
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