What is Level Life Insurance?

by : Lynette Tyson

Mortgage insurance is level term life insurance that protects the home. In case of death, life insurance can be used to pay off the mortgage on your house so that your loved ones will own their home free and clear and can continue to live in familiar surroundings.

Is your home your castle? The largest investment most Americans will ever make in their life is their house. Term life can protect that investment in case of an untimely death. It can save your family from facing the insecurity of wondering how long they can afford to make monthly mortgage payments and remain in their home. Your children will not have to be uprooted from their schools and friends, and your spouse will not be forced to sell your house in a buyer's market or seek rental housing in a less than desirable neighborhood.

The insured home is where the heart is!

With a single phone call or e-mail you can start the process to protect your mortgage and receive a term life insurance quote. You can choose your family as beneficiary, and not the mortgage company. Let a qualified adviser help you choose the plan that best fits your family mortgage needs with a term life insurance company.

Level Term Life Insurance (http://www.equote.com/li/level-term-life-insurance.html) plans usually match the length of your loan (5, 10,15, 20, 25, 30) years. The insurance is locked in for the length you choose. The face value never changes and the premium is guaranteed to remain level for up to 30 years.

HomeGuard is a unique product for the mortgage insurance marketplace. With HomeGuard, if you or your spouse dies, the mortgage is paid off. If you should become unable to work, you can receive up to $1,500 a month tax-free income to pay your home loan. If you should become unemployed, the plan can make mortgage payments for you for up to six months. And as part of the insurance plan, you can have all premiums refunded if you do not use the disability benefits during the policy period. Whether you live or die, become disabled or unemployed, this plan can protect your family and benefit you.

About Equote

Ever since EQUOTE was first founded in 1999, the company has maintained a solid vision regarding providing the finest of all products available relating to life insurance, annuity products and long term care products. EQUOTE has higher aspirations than to simply serve as a vehicle through which to search for low-cost term life insurance. Instead, EQUOTE has a goal that revolves around completely and thoroughly educating consumers and customers alike so that they may make their own informed decisions regarding life insurance and long term care, rather than being forced to make these decisions without the research and understanding necessary to do so. The people behind EQUOTE are heavily family oriented, and believe strongly in the principles behind having good life insurance as a means of keeping your family protected and ensuring their safety for many years to come.