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	<title>New answer on: Is Mortgage Life Insurance Worth It?</title>

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		<title>By: Stan Cox II</title>

		<link>http://insurancelibrary.com/life-insurance/is-mortgage-life-insurance-worth-it</link>

		<dc:creator>Stan Cox II</dc:creator>

		<pubDate>Sat, 20 Jun 2015 01:16:25 +0000</pubDate>

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		<description><![CDATA[Whether Mortgage Life Insurance is worth it is a personal value question. Typically Mortgage Life INsurance is a decreasing Term policy that does not have any Cash Value, and eventually ceases all together when the mortgage is paid off. 

Certainly decreasing term insurance is fairly inexpensive, but while the premiums are higher a Whole Life policy has so many more benefits that I suggest you look into implementing a whole life policy instead. If you have questions about that feel free to contact me.]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>http://insurancelibrary.com/life-insurance/is-mortgage-life-insurance-worth-it</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Tue, 25 Jun 2013 13:22:31 +0000</pubDate>

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		<description><![CDATA[Mortgage Life Insurance is paid to the mortgage company, decreases in value as the mortgage decreases, cannot be retained or transferred if the mortgage ends or is transferred, is not competitively priced, and often has finance charges on the premium because it is lumped in with the home loan.

Using Term Life Insurance to protect a mortgage allows the beneficiary to be whoever you wish (let them decide if it is in their best interest to pay off the house or keep your low interest rate and use the money elsewhere), the face amount stays the same even as your mortgage goes down, is yours to keep after your home is paid off, and has scores of companies competing for your policy so is competitively priced.]]></description>

		

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