Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, term life insurance plans pay the full original face value of your policy to your beneficiary. (coverme.com)
Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, the CoverMe Term Life plan pays the full original face value of your policy to your beneficiary. (coverme.com)
The length of the loan can vary from one year up to 40, and at the end of that time period, the company pays you back the original face value of the loan. (edwardjones.com)