Mortgage Life Insurance

If you own a home, and have a mortgage, obtaining life insurance is a wise and preventive move when it comes to the financial well-being of your family. For sure, you do not want your family to be without a home in case of your death. It may be that your spouse can pay the mortgage on her/his own, but chances are, they can't.

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Benefits of getting a policy with us:

 

Save money by getting your term life insurance with us:

We will compare rates from several A+ rated insurance companies, to obtain the lowest possible rates for your particular situation.

The best way to save money on a policy, is to compare rates amongst the largest number of insurers as possible - we make this very easy.

 

 

Mortgage Life Insurance vs. Decreasing Term Life Insurance

Most people are under the impression that decreasing term life insurance is the best way to protect your family if you have a mortgage. Not so. The best and cheapest way is to obtain term life insurance for the duration of your mortgage (mortgage protection insurance). For example, if you obtain a mortgage for 30 years, you should get a 30-year life insurance policy. This way your family will get the entire amount of the mortgage if you happen to die within 30 years.

On a off-topic note, I just installed solar panels on my home in Newton, Massachusetts. I have been thinking about it for a while now, so now that the credits and tax incentives are at all time highs, I took the plunge. I figure it will take 5 to 6 years to recuperate my investment, so after that, it's free electricity for the next 30 years or so. I went with a solar company out of Wendell, MA called Ecogen Services.