Question:

How do insurance companies get the money to pay claims?

Mortgage Life Insurance Company Reserves

Putting the financial future of your beneficiaries into the hands of a Mortgage Life Insurance Company can be a frightening prospect. If you do your homework and work with one of over 2,000 A or better rated Mortgage Life Insurance Companies, you'll have a much easier time sleeping at night. Of course, you may still wonder how exactly the Mortgage Life Insurance Company you have chosen can possibly pay your death benefit when your premium is so small. The answer to that question lies in the term Reserves.

Reserves are pools of money that state insurance regulators require your Mortgage Life Insurance Company to set aside in order to pay the statistically pre-determined number of death claims your Mortgage Life Insurance Company will most likely face. These reserves make it possible for your Mortgage Life Insurance Company to fulfill all of its financial obligations and not leave your beneficiaries out in the cold.

Mortgage Protection Insurance Frequently Asked Questions

How do you Compare Mortgage Insurance rates?

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Should I even bother with insurance when I am young and healthy?

Should I get a Mortgage Insurance Plan through my lending institution?

How can insurance companies pay out these large death benefits?

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Is there any way to get my premium back if no death benefit is paid out?

How do insurance companies get the money to pay claims?

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What is a personal history interview?

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Are Mortgage Protection Insurance Plans covered under HIPAA?

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What makes One Policy the Best Mortgage Protection Insurance?

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Should a stay-at-home spouse have Mortgage Term Life?

Do I have to pay the premium on my Mortgage Protection Policies forever?

Does the death benefit have to be purely my mortgage balance?

Are there any ways to reduce my mortgage protection premiums?

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If I quit smoking after my policy is issued, can I get a new rate?

What is the Mortgage Insurance underwriting process for?

If I plan to do any foreign travel, will I need to fill out any additional paperwork?

What is the difference between Mortgage Insurance Protection and mortgage life insurance?

What should I have prepared when applying for Mortgage Protection Plans?

Can I name my own beneficiaries?

What are primary and contingent beneficiaries?

What is a motor vehicle report?

How can I reduce the dollar amount of the insurance quotes I receive?

Is there any way to redice the amount of money I spend on insurance for my family?

How much extra on my mortgage life insurance will I be charged if I am in poor health?

What are per stirpes and per capita?

Does the insured individual have to own the mortgage life insurance plan?





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Patricia Walters-Fischer