Sentences with phrase «traditional mortgage life insurance»
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
This policy sounds good in theory but in reality there is a much better and cheaper alternative that is making traditional mortgage life insurance obsolete.
Also, with level term life insurance, unlike traditional mortgage life insurance, you control and list the beneficiary.
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.
Term life mortgage protection is recommended over traditional mortgage life insurance by financial professionals such as Dave Ramsey, Suze Orman and Clark Howard.
As an alternative to traditional mortgage life insurance, most financial advisers recommend term life insurance instead.
It allows greater flexibility than traditional mortgage life insurance.
As regular level term life insurance premiums became less expensive than decreasing term insurance, the traditional mortgage life insurance fell out of favor.