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Mortgage life insurance |
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Mortgage Life InsuranceA term life insurance policy for theamount of the declining balance of a loan secured by a mortgage or deed of trust. The beneficiary under the policy is the mortgagee. In the event of death (some policies also cover disability) of the insured (mortgagor), the mortgage is paid in full.Mortgage life insuranceA life insurance policy which pays off the outstanding balance of a mortgage in the event of the death of the insured.Similar MatchesUninsured motorist insuranceUninsured motorist insuranceAutomobile insurance which gives cover to the insured and passengers in the event of vehicle damage and personal injury caused by an uninsured motorist. Non participating life insurance policyNon participating life insurance policyLife insurance which does not participate in the profits of the insurance fund. Group insuranceGroup insuranceInsurance provided for company employees by employers. Items covered may include health insurance, disability insurance and term life insurance. It would be considerably more expensive for a single employee to obtain such insurance. Insurance claimInsurance claimA claim for reimbursement from the insurance company when the insured has suffered a loss that is covered under an insurance policy. Disability income insuranceDisability income insuranceAn insurance policy that insures a worker in the event of an occupational mishap resulting in disability. Insurance benefits compensate the injured worker for lost pay. Further SuggestionsInsurance premiumCost, insurance, freight Foreign Credit Insurance Association (FCIA) Guaranteed replacement cost coverage insurance Interest sensitive insurance policy Federal Deposit Insurance Corporation travel insurance health insurance Disability insurance Insurance policy Blanket insurance policy Unemployment insurance holiday insurance Named perils insurance Life insurance policy sickness insurance endowment insurance Insurance dividend Buildings and contents insurance accidental death insurance Title insurance disability income insurance insurance premium tax contract of insurance Reinsurance |
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