|
Mortgage
Life Insurance |
Term Life
Insurance |
| · |
Guaranteed Level Premiums
|
· |
Guaranteed Level Premiums
|
| · |
Death Benefit decreases w/mortgage |
· |
Death Benefit remains Level |
| · |
Length of time: 10, 15, 20 & 30
years |
· |
Length of time: 10, 15, 20 & 30
years |
| · |
When Policy holder passes away,
money is sent directly to the
mortgage company to pay off loan. |
· |
When Policy holder passes away money
is sent to the Beneficiary on the
Policy and it’s their choice to pay
off mortgage or not. |
| · |
When your home is sold, policy may
be cancelled by the company. |
· |
Since it is an Individual Policy, it
is portable |
| · |
Policy may not be converted |
· |
Policy is completely convertible |
| · |
Prices are Comparable |
· |
Prices are Comparable |
