Forums Discussions
-
Discussions tagged with 'Mortgage Protection Insurance'
-
How does mortgage protection insurance work? Let’s take a case scenario. A husband and wife have been married for decades and are now in their mid-sixties. The husband works full-time, and the wife is a housewife with no job. They have a mortgage, and the monthly payment, including property tax and homeowners insurance, is $4,000 per month. The couple is in their sixties, and the husband dies. The wife has no income to make the existing housing payment. Is there mortgage protection insurance where, if the income-earning spouse dies, the living spouse does not lose the house? And if so, what type of insurance is it, and what are the premiums?
View Last Reply:
replied 12 hours, 1 minute ago
| Participants: 2 Members
|
1 Reply
Viewing 1 of 1 discussions