mortgage life insurance
Definition
Term life insurance (paid for by the borrower/mortgagor) that pays off the home mortgage balance in the event the borrower dies before. It is usually bought to protect his or her family from losing its home.
Popular 'Banking, Commerce & Finance' Terms
mortgage life insurance in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/mortgage-life-insurance.html
