August 27, 2010, Newsletter Issue #31: Mortgage Protection Insurance Policy Privacy

Tip of the Week

Often, if you have someone call your life insurance company on your behalf to talk about your Mortgage Protection Insurance Policy, the representative from the insurance company will be unable to speak with them in detail about your policy without having verbal permission from you. The reason for this is that your Mortgage Protection Insurance Policy is governed by the same privacy rights and guidelines as all your other financial accounts. Just like your credit card company cannot give out private information to a strange caller about your balance and payments, neither can an insurance company about your Mortgage Protection Insurance Policy.

If you ask your spouse to call in with questions about your policy, it may frustrate you or them when the insurance company is unable to give them any information or answer their questions. Remember, however, that this is done to protect you from unauthorized people calling to get information that you don’t want them to have. Ask your insurance company if they have any forms that you can complete and notarize to give your spouse or any other individual permission to speak with them when they call.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Exclusive Sponsor

TermAdvantage.com shops over 2,000 mortgage insurance companies, so you can protect your home & family for LESS. Since every company has a different underwriting niche, we have to ask you FIVE questions to make sure that we put you with the BEST-PRICED company for your specific health situation. Since all of the Web sites out there just CAN NOT & DO NOT give EXACT quotes, please call 888-360-TERM to receive an EXACT quote, and find out who's the BEST-PRICED company for you.

Not finding the advice and tips you need on this Mortgage Protection Insurance Tip Site? Request a Tip Now!


Guru Spotlight
Lynne Christen