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Mortgage life insurance
A special type of insurance that will pay off a mortgage if the borrower dies before the debt is retired.
Related Terms
Credit life insurance
Impounds
Mortgage insurance
Insurance
Life cap
Private mortgage insurance (PMI)
PITI (Principal Interest Taxes Insurance)
Disability insurance
Insurance binder
Redlining
Hazard insurance
Escrow payment
Mortgage banker
Capital improvement
Homeowners' insurance
Escrow analysis
Life-cycle cost analysis
Escrow account
Binder
Back title letter
Co-insurance
Alternative mortgage
Rehabilitation mortgage
Purchase-money mortgage
Fully amortized adjustable-rate mortgage
Biweekly mortgage
Blanket mortgage
First mortgage
Renter's insurance
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