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One of the most exciting moments of life, buy a house. Whether an apartment, house or vacation, the excitement is great. There is also a big financial responsibility. What happens when we die, and the money you earn is to pay for all or substantially all the mortgage payments? The answer is simple: Your family is not able to continue living in the house would be devastating.
The good news is that mortgage insurance is the cost for the rest of the loan to paid. Mortgage insurance is just another name for the life insurance. Someone takes a policy for a certain time to pay usually 10-30 years and the monthly premiums. One of the reasons why the prices are reasonable, because if you survive the term of the contract simply expires. In particular, a cash value when you die. The younger you take out a mortgage insurance Pls, the lower the willingness of some prices. Sound is Non smoking man can pay a minimum of $ 35 per month for a policy of 20 years is $ 500 000
There are many factors to consider, your mortgage insurance premiums are determined, Pls. These include :
- Your age – the younger you are, the less likely you are to die. These odds reward younger people with lower premiums.
- Smokers beware – Not only is smoking a major risk to your health but it will make your annual insurance increase by up to 30%. If you ever needed another reason to stop smoking, saving money for being a non-smoker may help you decide that today is the day to quit.
- Your job – If you sit at a desk all day or hold some other type of job that would be considered less risky, your rates will be lower. Conversely, if your job involves risk, then your premiums will be higher. Examples of higher risk jobs include being a pilot, a miner, window cleaner, or a police officer. While it is not being suggested that you change your line of work to get lower rates, it is something to keep in mind when looking at all factors of choosing a line of work.
- Your health -It is not debatable that eating a diet low in fat and processed foods will keep you healthier. Exercise will also keep you healthier. While what you eat will not be known when applying for insurance, if your blood, sugar and heart rate levels are not good, you will pay more for insurance. The biggest favor you can do for yourself and your loved ones is to eat healthy and get plenty of exercise.
source : http://www.insurancequotes.com/mortgage-insurance-quotes/
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