My in-laws had wind damage to their roof. The insurance company approved their claim but they also didn't want a panel to come loose and fly off and hit someone so they called a company to come ...
Anyone, anyone?? I have already passed the series 6 and 63. But with all this studying I've done for one month and one week now...i am having a really HARD time getting motivated for this last ...
i was told that people pay into a social security account of some sort. my mother is deceased, left no will that i know of, where do i go to get her social security? how do i get it?...
We bought our policy last year and it is a total rip off. I could get more insurance with the same terms for less than half (and it is a term policy). Any suggestions?
If you did,please share your experience with the rest of us. Did you felt "Smart" or your intelligence was insulted?How did the conversation went when you contact the advertiser?
What ...
I live in Texas and was a work at home agent. I received a check each week, direct deposit and was with the company for almost a year. But they did not take out taxes or anything else. I was self ...
Does anybody know if it's really necessary to obtain "flood insurance" if you already have home owner's insurance? What are the chances a flood may occur?...
My Mom thought she had insurance and it was not mature. She was very sick for months and since I am an only child I was the primary care giver. I know she died with the peace that I would not be ...
nwhm
Recently bought a house. need insur that covers pay off in case of death and make payments if disabled lt/st?
I have home owners insurance but i think a need a product that pays off my loan in case of death and also provides for my child, pays my monthly mortgage if i become disabled whether short term or long term
Mortgage life and disability insurance should answer your needs. I'm actually surprised that your mortgage lender wouldn't have offered it to you when you got your mortgage! They make good money on this kind of insurance, and generally there is some kind of incentive for the loans officer to encourage you to purchase it.
An option to consider is that you may be able to get life insurance on your mortgage cheaper by buying a term life insurance policy separate from your mortgage. Every time your mortgage comes up for renegotiation, you can reduce the amount of insurance that you are buying, and save yourself some money. This is different than mortgage insurance for which the premiums stay the same and are based on the original amount of the mortgage. The disadvantage is that the money is paid to your estate and doesn't automatically go against your mortgage. However, you would have assets in your estate this way to pay your mortgage and could leave instructions for that to happen with your executor or legal counsel.
Life insurance obviously won't cover your mortgage in case of sickness or disability though. For this, you could consider a disability policy. This will allow you to be covered for more than just your mortgage -- it protects your income directly. In most cases, you can get a disability policy that will pay you 60% of your salary now. If you pay for it yourself, that 60% will be tax free (because you've paid for the policy with after tax dollars). In many cases, if this benefit is tax free, it will be sufficient for you to cover your regular expenses.
akelaamy
you need life insurance - I use Amica - they do discounts for multi policy holders and are a great company -- I have dealt with them for almost 20 years and my parents longer than that...
sarah_roo03
my bank offered me this when I took out my mortgage - you could ask them?
hsbc bank
JAN
I know Lutheran Brotherhood has insurance to cover your needs.
Ricky Lee
Your morgage company should be able to help you with that
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