if not how do i protect my mortgage payments when i loose my job or am ill for 2 years and can't earn money?

Why did you ask this question twice? Yes mortgage protection is a good idea, for exactly the reason you said!

In spite of the cynics, mortgage protection insurance is full of subtle get out clauses in the small print.
All your medical history will be investigated, before you are even considered for any payment.
Your work record will be under scrutiny.
If you feel you must have this type of cover, please remember, there isnt any such thing as a free dinner.
Insurance companies have to answer to the banks, and other financial institutions on their status

Yes, mortgage protection insurance may provide protection to pay your mortgage if you become disabled or lose your job; however, read your policy to make sure it provides for you in the ways you need coverage.

Another form of coverage is called level term life insurance that is essentially mortgage term life insurance protection for 20 or 30 years, but the proceeds are paid out only upon your death, and they go to your beneficiary, not the mortgage lender.

That way, your family can use the money as needed to pay the mortgage and pay for their living expenses.

To learn more - visit Mortgage Life Insurance and find out if it's right for you and your situation.

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i think that it is good idea about mortgage.


Mortgage Company