Mortgage insurance is better than no insurance at all. It is a decreasing policy that makes the mortgage company the beneficiary not your loved ones. As you pay down your mortgage the coverage amounts decrease with it. Your payment doesn’t go down it stays level. So the longer you keep the mortgage insurance the worst the deal is. Also the payment is included into your mortgage payment.
You should consider meeting with an agent. Go over all of your needs not just your mortgage needs. Look at what solutions you may have in place already. You want to make sure your solutions match your needs. There is nothing worst then leaving this world and your loved ones are left behind with all the debt and not enough money to pay for all their needs.
I believe that you have a responsibility to think through these issues and make a conscious, deliberate decision regarding whether you want to protect your family, rather then leaving this decision to chance and good luck.
I know that you do not expect to die in the near future, but then again, nobody does. But every year, millions of people do. Many of those people leave families behind unprepared, without means to survive on. For those families, life becomes a nightmare.
Working hard to serve you better:
Szeszulski Agency....
Jerry Szeszulski
(Shoe- Shell-Ski)
wk 918-254-2578 x227
Cell 918-808-6656
Jerry Szeszulski is an insurance expert heard on The Future of Real Estate News/Talk 740 KRMG from 12:30 - 1:00 and KFAQ from 7:00-8:00 on Saturday in
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