Enjoy the safety of Mortgage Life Insurance As a borrower of a mortgage loan, one is bound to feel worried about the family’s financial fitness. Paying off the mortgage debt will naturally fall upon the weak shoulders of family members and make their life more difficult. So, it is natural and almost routine for borrowers of mortgage loans to also take up mortgage life insurance. Mortgage term life insurance invokes in case of death of the borrower during the term paying off the debt. It pays off the debt liability plus any other payments due in connection, like taxes. The borrower pays a nominal premium in return when he/she buys the mortgage term insurance. One can choose between level term and decreasing term in Mortgage term life insurance. While decreasing term involves decreasing coverage representing the corresponding remaining mortgage loan to be paid off, level term coverage...