Investor Glossary-mortgage life assuranceInvestor Glossary-mortgage life assuranceInvestor Glossary-mortgage life assuranceInvestor Glossary-mortgage life assuranceInsightful stock market charts - Click here
investor
Categories    # 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

Mortgage Life Assurance

The HTML to link to this page
 

Mortgage life assurance is a policy designed to help pay off a mortgage in the event of a policy holder's death or terminal illness. Mortgage life assurance should not be confused with the term life insurance. Life insurance payouts can be used towards a variety of expenses, while mortgage life assurance is disbursed with the sole intent of paying off a mortgage. Many mortgage companies require that mortgagees purchase a mortgage life assurance policy to ensure that a mortgage is paid in full should a borrower die during the term of the loan. A mortgage life assurance policy may or may not include a side fund that allows for the accumulation of additional cash. Mortgage life assurance is a term commonly used in the UK. Rates for mortgage life assurance vary according to term and coverage elected.



Rate this mortgage life assurance definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: quality assurance, minority interest, command economy, Zero Cost Collar, APR, annual return, Key Rate Duration, average price per share, ex-dividend date, phantom income, risk management, in escrow, EBITDA, diluted share, option premium, cancelled check, covered put, required rate of return, labor relations, VIX, balance sheet, current ratio, LIBOR, real GDP, 401a, debt service coverage, 1031 exchange, margin rate, 144a, liquidity ratio, class C shares, wholly-owned subsidiary, deferred tax, irrevocable trust, 1035 exchange, stock market close, deferred revenue, implied volatility, reverse mortgage, retained earnings, dividends payable, inflation, stock split, open position, limit order, ex-dividend, FICO score, FTSE, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use