InsuranceYak.com - All the insurance help you'll ever need

  InsuranceYak.com

Insurance discussion and general information

Mortgage Life Insurance

When evaluating life insurance to protect your family, there are many areas to consider. You need to think about the financial impact your loved ones will need to cope with in your absence. This includes the monthly living expenses, the amount of debt you have and possible needs in the future - such as your children’s further education. One specific item to outline is your mortgage, which can be covered with mortgage life insurance.

Mortgage life insurance is a type of coverage that is specifically used to repay a mortgage in the event of the policyholder’s death. With a policy in place, the plan would pay out a capital sum that would be enough to pay the outstanding balance on the mortgage. This coverage is designed to protect the ability of the borrower to repay the mortgage for the lifetime of the loan. This should not be confused with private mortgage insurance that financially protects the lender from the risk of default from the borrower.

  (Read the rest of the entry…)

Previously

Should you use life insurance as an investment?

Life insurance comes under two broad categories—whole and term life insurance. Term life insurance is the simplest, most straight-forward form of life insurance. ... read on

Marijuana Dispensary getting raided? Get coverage!

Medical Marijuana Insurance Specialist Offers Pot Raid Coverage This just in! Medical Marijuana Dispensary insurer MMD Insurance Specialists, now has you covered if you're raided.  From Insurance Journal: "Medical ... read on

Replacement Cost and The Older House

One of the great mysteries of the property insurance world is replacement cost. During my agent days, I was frequently asked to insure property and ... read on

Insuring old buildings

Q --Who insures old buildings? We have purchased a building constructed in the 1880s and all insurance companies seem to be terrified of the structure. ... read on

Hail damage and Insurance Claims

Q & A on Hail damage: Q: A hail storm went through my neighborhood.  Most of my neighbors have gotten new roofs. I received a denial ... read on

The Ideal Insurance Contract

I’ve often said insurance contracts are like sex in prison:  What you want, you can’t get, and what you get..you don’t want.  That said, one ... read on

Help! The Primerica Lady is Coming!

Question from a Primerica prospect:   Hey Ernesto, I was wondering, I read your comment about the Primerica company and I have been also asked to join ... read on

Yes, you can .. make money as an insurance agent that is.

An anonymous independent agent posted a responce to my comment:  "My advice: if you want to work in sales, find a more lucrative profession." His ... read on

How much commision does an insurance agent earn?

When I first published this article on Ohio Insurance Forum I ended the article with the comment:  " My advice: if you want to work in sales, ... read on
© InsuranceYak.com