Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Mortgage Life Insurance and other Life Insurance topics.

Is mortgage life insurance for both my spouse and I expensive?

Mortgage Life Insurance for Dual Income Households

If you live in a dual income household, chances are likely that you will both want to have insurance coverage. Many mortgage life insurance policies, which help your family pay off their mortgage should something happen to you, allow spouses to get a second policy of the same amount at half the monthly premium. So, if you and your spouse want a $100,000 policy each that usually costs $20 per month per person, you can receive both policies for $30 per month.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Life Insurance Tip Site? Request a Tip Now!

Guru Spotlight

Mary White

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!