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.
Mortgage Term Life Insurance can be a lot more than just a life insurance policy. In fact, it can provide an accelerated benefit in the event that you become terminally ill, additional death benefit proceeds should your death be the result of an accident, and death benefits to your children and spouse.
All of these added features are available because of Mortgage Term Life Insurance riders. Riders are supplementary benefits that you can add to a Mortgage Term Life Insurance policy for a small additional premium. Some riders that may be available to you include: