Mortgage Insurance or Life Insurance

We closed on our home over a month ago and daily we have received mail from various companies offering us life insurance to cover our mortgage. It is a low rate and sounds great on the surface.

They will even add it into my mortgage to make things easier. At first glance this mortgage life insurance is nice, but is it the best deal for you?

Here is the problem with this type of mortgage insurance. You pay the same rate even though you owe less on your mortgage. The rate never goes down even though they will payout less.

So if you want life insurance go buy it directly from a life insurance agent and this way you will get what you pay for.

At Home: A Short History of Private Life With his signature wit, charm, and seemingly limitless knowledge, Bill Bryson takes us on a room-by-room tour through his own house, using each room as a jumping off point into the vast history of the domestic artifacts we take for… Price: 15.95

Home by Morning October 1918: En route from New York to Seattle, Jessica Layton stops for a visit in her hometown of Powell Springs, Oregon, and comes face-to-face with Cole Braddock, her first and only love from years ago. Now Jessica is a… Price: 14.95