How Mortgage Life Insurance Premiums Are Determined

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What questions will a mortgage life insurance company ask before giving me a policy?

How Mortgage Life Insurance Premiums Are Determined

Although all mortgage life insurance policies will require different information, there are three questions that most companies will ask when determining a policy:

- Amount of the home loan
- Borrower's age
- Tobacco use

These three questions will be used to determine if you can receive a mortgage life insurance policy and, if so, how much your monthly premiums will be.

   

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