Life insurance/assurance: level payout or mortgage protection? - mortgage life assurance
Hello to all
I'm looking for life insurance. I do because I have bought a house with my partner.
I looked for the protection of the mortgage, but the plan to go home and mortgage in a few years.
Is not it better to just make a payment of a fixed lump sum?
Mortgage Life Assurance Life Insurance/assurance: Level Payout Or Mortgage Protection?
3 comments:
With a life insurance always a level death benefit. Not even with the mortgage over the years removed the need for a life necessity.
Take a long term policy with a face level (death benefit), with premiums level for 30 years.
Mortgage protection can be a misleading term because it can mean (PMI). PMI is a scam and something we want to avoid. If you have questions about your new question in "real estate".
With a life insurance always a level death benefit. Not even with the mortgage over the years removed the need for a life necessity.
Take a long term policy with a face level (death benefit), with premiums level for 30 years.
Mortgage protection can be a misleading term because it can mean (PMI). PMI is a scam and something we want to avoid. If you have questions about your new question in "real estate".
Are you talking with an independent financial adviser unbiased.co.uk
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