Orange County's EcoBroker

Term life insurance may not only be a less expensive alternative to bank mortgage insurance, but it also offers several advantages to the homebuyer. The power of naming the beneficiary of your term life policy is given to the homebuyer, not the lender. You can obtain added financial security by purchasing a term life policy that converts into whole life insurance when the end terms for uninterrupted coverage. Many of these conversion policies will not require additional medical information, but will be based on the original questionnaire submitted in the initial application. Bank mortgage insurance usually only covers the current amount of the balance owing; the value of term life insurance never changes. To compare online quotes, and learn more about the advantages of using term life insurance, please visit us at http://www.life-insurance-quotes.ca.