Sentences with phrase «pay off your mortgage if»

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

A mortgage life and disability policy will not only pay off your mortgage if you die, it will also make your mortgage payments if you are disabled or lose your job.

I'm not saying to go pay off your mortgage if your rate is low.

That money pays out to whoever you designate as recipient, and they can choose to use it to pay off the mortgage if they want, or sell the house and use the money for something else.

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This coverage can reduce or pay off your mortgage if you die before the loan is repaid.

Mortgage Life Insurance This coverage can reduce or pay off your mortgage if you die before the loan is repaid.

Mortgage Life Insurance: An optional form of life insurance that pays off a mortgage if the borrower dies.

This is the length of time it will take to pay off your mortgage if the interest rate does not change.

This type of life insurance is designed to pay off your mortgage if you die.

Mortgage life insurance pays off your mortgage if one of the people listed on the loan dies before it's paid... but that's it.

This way the funds would be there to pay off the mortgage if she were to pass away before her mortgage was paid for.

Mortgage life insurance pays off your mortgage if one of the people listed on the loan dies before it's paid.

A mortgage life insurance policy pays off your mortgage if you die.

Mortgage protection insurance is a life insurance policy that pays off your mortgage if you die prematurely.

Mortgage life insurance pays off your mortgage if one of the people listed on the loan dies before it's paid... but that's it.

Mortgage life and disability insurance is a basic life insurance policy that will pay off your mortgage if you die unexpectedly.

A mortgage life and disability policy will not only pay off your mortgage if you die, it will also make your mortgage payments if you are disabled or lose your job.

The other flaw in this argument's logic is your survivors would have to pay off the mortgage if you died unexpectedly.

Mortgage insurance is a special type of policy that pays off your mortgage if you die.

The purpose of this type of coverage is of course to pay off the mortgage if the breadwinner dies before the home is paid off.

policies can help pay off your mortgage if you die.

Do you have final cost life insurance protection that they need to pay off your mortgage if something tragic were to happen to you?

Term life insurance is fairly inexpensive, and because of this low price many families find this to be the best way to pay off the mortgage if an income - producing spouse dies.

There is nothing wrong with these policies, per se, but you should know they will not pay off your mortgage if you die.

This insurance would cover your mortgage payments if you can no longer work, and pays off your mortgage if you should die.

Mortgage life insurance, also known as mortgage protection insurance (MPI), mortgage payment protection insurance (MPPI) or even mortgage disability insurance, pays off your mortgage if you die or are disabled.

For example: If you have 10 years remaining on your mortgage, you might want to buy a 10 - year term policy, so your beneficiary will still be able to pay off the mortgage if you die.

Your surviving spouse may choose not to pay off the mortgage if you have a relatively low interest rate, but at least the option would be available and your family is not forced to sell the home.

Decreasing term life insurance can be used to pay off the mortgage if the homeowner should die before the property is free of all encumbrances.

Mortgage life insurance serves one purpose, and that is to pay off your mortgage if you were to pass away.

There's mortgage protection insurance that pays off the mortgage if you die before the mortgage is fully re-paid, or pays the monthly mortgage payment if you become disabled.

As an example, if your life insurance policy is being purchased primarily to pay off your mortgage if you die, a term life insurance policy is usually a better solution than a permanent or whole life policy.

For example, once your mortgage is paid off you can reduce the face value of the policy to remove the portion you had planned for paying off the mortgage if you had died.

The agent explains that by purchasing an insurance policy that will pay a death benefit equal to the outstanding mortgage, your wife would receive the money needed to pay off the mortgage if you should die unexpectedly.

Term life insurance is a perfect way to pay off your mortgage if you pass away.

For example, one term policy would pay off the mortgage if you passed away, while another one might set aside funds for your children to go to college.

You may like the lay out and be thinking you are buying a nice multifamily unit and be able to generate income at a certain level or perhaps live in one unit and rent out the other thereby getting financially assistance to pay off your mortgage if you plan to finance.

This coverage can reduce or pay off your mortgage if you die before the loan is repaid.

A lesser known type of mortgage insurance is the type that pays off your mortgage if you die.

Not exact matches

Assuming you've also paid off your mortgage, that's enough for a middle - class couple to retire on in reasonable comfort even if you have no other savings and no employer pension.

For many, there's nothing better than the family home — especially if the mortgage is paid off.

Lump sum: If your balance is small and there's no interest to deduct, paying off your mortgage in a lump sum is a good idea.

«For people who have the risk tolerance, investing that money rather than paying off the mortgage is fine, but think about what would happen if the investments don't pan out and you still have to pay your mortgage,» says Craig Brimhall, vice president of Wealth Strategies at Ameriprise Financial.

With the madness that sometimes comes with my full - time job and two kids under four years old, we both agreed that if we're going to do this crazy 5 - year mortgage pay off extravaganza then we still need to have fun.

To put this $ 470,000 in perspective, if a couple used this money to pay off the mortgage on a median priced house, they would be able to buy an annuity that would pay them roughly $ 1,200 a month.

«Even if the FHA - insured mortgage has a lower monthly payment, you may still be better off paying a bit more for the conventional loan with PMI,» said Parsons.

In return, the investor would be required to pay off the remainder of the mortgage, if there is one, and thereby eliminate the homeowners» monthly payments and free up that money for the homeowners to make other investments.

However, if you want enough coverage to send a child to college or pay off a mortgage, guaranteed acceptance insurance won't provide a large enough death benefit.

If I were to get laid off I'd immeidately pay off my mortgage and live off my passive income while I try to sort things out.