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Why Term Insurance

Mortgage protection with term insurance
is a smarter idea

If you own a home, you’ll want to ensure mortgage payments on that property continue in the event of your death. While you can purchase mortgage insurance from a bank or mortgage company, you generally lose all ownership control of the policy.

A smarter option is to carry term life insurance as mortgage protection as all benefits will be paid to the beneficiary you choose, not the financial institution. Your beneficiary will have freedom of choice to pay off the house, or continue monthly payments. The money can be used as he or she chooses.

 

 

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