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Question 17 of 17 in Types Of Life Insurance Policies |
How do I protect my family from losing our house if I die while still having a mortgage to pay? |
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The preferred way to cover this need is to purchase what may be described as a “decreasing term insurance policy”. Most insurance companies offer a variety of such policies including ones that are specifically tailored to match the declining principal balance of your particular mortgage. Mortgage companies also frequently have agreements with insurers to provide mortgage insurance. |
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Life Insurance Center
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