Like all other types of life insurance,
mortgage protection insurance policies exist to protect family members from struggling financially after the death of a loved one.
Like all other types of life insurance,
mortgage protection insurance policies exist to protect family members from struggling financially after the death of a loved -LSB-...]
Not exact matches
Your
existing mortgage protection insurance policy is one you will likely want to keep.
There are several situations where you may be exempt from purchasing
mortgage protection, such as; if you are over 50 years old, you are buying an investment property, you already have an
existing life
insurance policy.
While term life
insurance policies provide great
protection to replace income, pay off
existing mortgages and debts, they are not designed to last until old age.