What Does Mortgage Redemption Insurance Mean?

Free Business Insurance Quote Click Here
What does Mortgage Redemption Insurance mean? Read on to discover the definition & meaning of the term Mortgage Redemption Insurance - to help you better understand the language used in insurance policies.

Mortgage Redemption Insurance

Mortgage Redemption Insurance

Mortgage redemption insurance is a type of decreasing-term life insurance policy. Its purpose is to provide policyholders a way to have their mortgages paid off if they die before it is fully paid. This prevents the full burden of paying the mortgage from falling on the surviving family members' shoulders.

We hope the you have a better understanding of the meaning of Mortgage Redemption Insurance.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here