Combining Policies

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 Protection Life Insurance and other Mortgage Protection Insurance topics.

Should I combine my small policies into one big Mortgage Protection Life Insurance policy?

Combining Policies

Mortgage Protection Life Insurance is a flexible death benefit that can be used to cover a lot more than just your mortgage in the event of your death. But if you already have a policy(ies) that provides a death benefit and are simply looking to purchase Mortgage Protection Life Insurance to protect your family in the new home you recently financed, then it may not be a good idea to replace your other policy(ies) with one Mortgage Protection Life Insurance policy.

When you work with the Mortgage Protection Life Insurance professionals at TermAdvantage, they compare the premiums of a new policy at your present age with your other policy(ies) you bought when you were younger. In doing so, they'll be able to determine if your premiums will be less by having one Mortgage Protection Life Insurance policy with a larger death benefit or your policy(ies) with a smaller death benefit.

Please don't cancel your current policy(ies) until a TermAdvantage Mortgage Protection Life Insurance specialist has had time to compare policies and rates in great detail for you. Most clients agree with TermAdvantage that they're much better served choosing a longer term length & a lower death benefit (coverage amount). This way you don't have to worry about qualifying for the Mortgage Protection Life Insurance again at a much higher rate after your shorter term length has expired.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


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


Guru Spotlight
Lynne Christen