Mortgage life and disability insurance may be purchased if you have a home that you want to protect for the sake of yourself and your beneficiaries. There may be two options for mortgage life and disability insurance. The first may be mortgage life and disability insurance with level premiums. This type of mortgage life and disability insurance may offer death benefits in the amount of the remaining mortgage at the time the policy is purchased.

The other type of life and mortgage insurance may cover the exact amount of the remaining mortgage on the home and the coverage will decrease as the amount owed on the mortgage decreases. As the coverage of the life and mortgage insurance decrease, the monthly premiums may decrease as well.

Either type of life and mortgage insurance may offer your beneficiaries the protection of having a place to live after you die. Another possible advantage to mortgage life and disability insurance may be the availability of benefits if you are disabled. There may be a variety of circumstances where you may become disabled and unable to work. In these situations, the financial devastation may be as bad as if you had died. Mortgage life and disability insurance may provide you with the money to pay off the mortgage on your home, so that you may always have a place to live.

For more information on mortgage life and disability insurance, go to types of life insurance. You may also want to read “How to Get the Most out of Your Life Insurance Benefits”.  For a free, no-obligation quote on life insurance, go to quote form.