Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about The Basics of Mortgage Term Insurance and other Mortgage Protection Insurance topics.
When you're first quoted Mortgage Protection Rates, you're given rates that are homogenized. That means that you're quoted the same initial rate as every other person who matches your description in a few key areas. The things taken into consideration for homogenized Mortgage Protection Rates include:
In order to determine your actual rate, your individual health history will be examined and your increased or decreased risk of death based on your individual factors compared to others in your age/height/weight/gender will be considered. The experienced professionals at TermAdvantage help to give you a better idea of your rate, beyond the normal homogenized rate quote.