My husband and I got information on Mortgage Life Insurance which basically is kind of like Life Insurance I guess and pays off your mortgage if someone dies. For example, our house is $180,000 and I die in 10 years and the mortgage balance is $80,000 then my husband still gets the original $180,000. He can use this to pay off the mortgage plus have money left over and use for whatever. This sounds like a great deal to get but I want to get other people's opinions who know information on this. It is called Forester Mortgage life insurance.
Also, what is the difference between this and regular life insurance? Is regular life insurance better? Thanks!
Orignal From: Mortgage Life insurance or regular Life insurance?
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