Mortgage Life Insurance
|
Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and the sudden loss in the event of you or your spouse's early death may leave your survivors unable to make payments. To make your family is protected from financial hardship, consider Pick-a-Term Mortgage Protection insurance.
Pick-a-Term Mortgage Protection has a descreasing death benefit to match your mortgage balance at the beginning of each year. And because the death benefit decreases along with your mortgage balance, the cost of Pick-a-Term is less expensive when compared to non decreasing term life insurance.
Life Insurance: Decreasing Or Not?
If you go to your local bank, along with the mortgage they will try and sell you what they call "mortgage insurance". This is not "mortgage insurance" but "life insurance" where they protect themselves by having you buy their policy. You need to be clear how this operates; you are paying for an expensive policy which they own and in which they are the beneficary. Further, the amount of the policy decreases though the premium remains the same. If they decreased the premium along the coverage, it may not be too bad, but they don't. The way it is now the policy decreases, you pay for it, they own it, control it and will benefit from it.
So if you want to control your own financial life, get your own life insurance policy. Then you can control the level of coverage that suits you.
Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Quote TODAY!
Tel: (514) 842-9001
Email: info@trustco.ca
Web: http://www.hughestrustco.com
|
|
|
Life Insurance Careers
Do you like to spend all day being sitting around? Fixed income is good enough for you? Do you feel economic stability is not a priority right now?Well, if your answer to any of above questions is "Yes", you should accept the fact youhave a very high chance of being unsuccessful.But if, in the other hand, you are proactive, if you need to build a future for your family and yours...(related: Insurance)
Health Savings Account (hsa): Useful For Women In Childbearing Years?
The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.But should a family with a woman in her childbearing years use an HSA?This is an excellent question!Obviously, a woman who is pregnant or might likely become pregnant needs to be very aware of her health insurance situation. Taking pre-natal classes, having a hospital delivery, Cesarian sections are all expensive, nevermind any potential complications.Health Savings Accounts paired with a high-deductible health insurance policy can work for the fa...(related: Insurance)
Why Does Health Insurance Cost So Much?
Why does health insurance cost so much? Year after year, many of the articles that appear in print detail the specific factors driving the cost of healthcare.<...(related: Insurance)
Business Insurance ? And What You Need To Know
Getting your business up and running is exciting, challengingand hard work. You're finally making money ? and you are thedriving force that is making your business grow. But have...(related: Insurance)
Discount Auto Insurance - Get Low Rates And Superior Coverage
Auto insurance rates can be quite expensive. If you are in shopping for auto insurance or just comparing rates between your current insurer and competing insurance companies, you may want to look at the rates offered by discount auto insurance providers. Discount auto insurance companies offer superior coverage at prices that could be significantly lower than your current insurance rates.Most states require auto insurance. While the requirements in each state may vary, even purchas...(related: Insurance)
Talking To Your Parents About Insurance
Who can you talk to about auto insurance? Insurance agents are a good source. However, due to their life lessons, their love, and their own f...(related: Insurance)
Do Discount Fees For Medical Service Programs Really Work?
Having a health insurance policy provides a great sense of security for many families. Most people with health insurance usually have it through their employer and the employee and the employer may share the responsibility on paying the premium. Even though health insurance coverage provides a great benefit, it also provides a great fear that looms over our heads. The fear of not being able to afford health insurance or not having health insurance can provide great difficulty to many people.We can also see a trend that more people ...(related: Insurance)
Finding Fast Life Insurance
Since the widespread growth of internet usage and database building it's never been easier or quicker to find fast life insurance. There was a time not long ago that the project could drag out forever. The process began ...(related: Insurance)
How Much Car Insurance Should You Buy?
Car insurance is one of the most dreaded chunks in your budget. And depending on which state you live in, it could be a smaller or larger chunk of your budget than your neighbors across state lines.How much insurance should you buy? Any insurance agent worthy of their salt will tell you that you should buy as much as y...(related: Insurance)
Keys To Controlling The Future Of Health Care
Several key changes are necessary to get control of the costs associated with the run away health care system in the United States.Here are just a few suggestions:1) Cost information about medical procedures and cost comparisons to alternative treatments need to be more easily available so that consumers can make better educated health care choices.2) Outcomes and outcome comparisons of alternative medical procedures need to be more ava...(related: Insurance)
site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance