Definitions for "mortgage life insurance"
Keywords:  survivors, dies, die, untimely, demise
Insurance policy to pay the mortgage balance if the mortgagor dies before the mortgage is fully paid.
A type of term life insurance bought by the lender.
Insurance that guarantees full repayment of your mortgage in the event of your death. Typically, this insurance is available from or through your mortgage lender and the premiums are added to your regular mortgage payment amounts. Alternatively, mortgage life insurance is available from and through insurance brokers and agents.
Keywords:  pool
mortgage pool mortgager