What is homeowner’s mortgage insurance?

Homeowner's mortgage insurance is a type of life insurance policy that pays the balance of a home mortgage if the mortgagor (insured person) dies.

Mortgage insurance is usually in the form of decreasing term insurance which provides rates that remain level throughout the term of the life insurance policy while the amount of life insurance decreases each year in-line with the amount of the outstanding decreasing mortgage.

Here's how to learn more about mortgage life insurance and request your free quote comparisons online from several highly-rated life insurance companies.

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