do i need life insurance for mortgage
Mortgage life insurance is expensive for the amount of coverage. The premiums you pay at the beginning of your mortgage are probably in line with the amount of coverage you are receiving, but as time goes on you receive much less coverage for the money.ortgage life insurance premiums are a fixed rate, but the payout is generally fixed to your mortgage principle*. So the value of the policy decreases as you repay your mortgage. Buying a standard term life insurance policy gives you a fixed premium and a fixed payout.