Increasing Mortgage Protection Costs

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Why do mortgage protection costs increase?

Increasing Mortgage Protection Costs

When you think about whether or not you need mortgage protection insurance, what are some of the factors you consider? Sure, you think about your loved ones' need to pay off the mortgage after you pass away, but that line of thought always leads to your life expectancy. When you're fit and healthy, you don't often think about your life expectancy. But as you get older, less fit, and possibly begin having medical problems and more prescribed medication, your life expectancy seems to dwindle right before your eyes. That is when you really get serious about buying mortgage protection insurance—but what do you think that does to your Mortgage Protection Costs?

There is a direct relationship between your need for mortgage protection insurance and your Mortgage Protection Costs. In other words, the more you need the insurance, the more Mortgage Protection Insurance Costs. That means it's much better to get the policy before your health and fitness levels make you realize how badly you need it.



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Jennifer Mathes, Ph.D.