Ask An Insurance Pro - Ask Your Question
Life Insurance Question from Forsyth County, North Carolina
Asked on 11/30/2011. This question has received 217 views.
Is there a difference in accidental death policy and mortgage life policy?We are looking fo insurance that would pay off mortgage in the event of my husband or my death.He found an offer but it says accidential death. I wasnt sure if it would pay if death was natural. Its with monumental life out of Iowa. I just wanted to be sure this the kind we need and if this company is trustworty.
Answer given on December 2, 2011 by FreeAdvice Insurance Pro
Accidently death insurance only pays for accidentaly death. Therefore if you were to die of a terminal illness, the policy would not pay. This would not be a good option for mortgage insurance. Please read our article Why Buy Mortgage Life Insurance. Some of the best mortgage insurance is fixed term life. It can offer a very affordable option for mortgage life insurance. To get a quote on mortgage life insurance, click here.
| » Return to Question List | View More North Carolina Questions « |
| » View More Life Insurance Questions | View More North Carolina Life Questions « |
For answers to similar questions, try one of these pages:
How do I protect my family from losing our house if I die while still having a mortgage to pay?I Was Working In My Garage When I Suffered An Accidental Injury. Will I Qualify For Disability?
What Is The difference between Life Insurance and Auto Insurance Risk?
As a single parent, money is tight. What if I can't afford the amount of life insurance I need?
Are there any riders I should consider since I am disabled?
