Mortgage life insurance definition

Mortgage life insurance means insurance on the life of a debtor in connection with an extension of credit that pays if the debtor dies.
Mortgage life insurance means insurance on the life of a debtor in connection
Mortgage life insurance means the insurance that covers any outstanding mortgage in the event of the death of the occupant;

Examples of Mortgage life insurance in a sentence

  • Mortgage life insurance as, objectively, a subsidization of the old by the young, is a design I find hard to defend.My contribution to this debate was and still is to show that the substitution right should be 1We can compare these fees with those found in another line of insurance, which is technically more complex, and costlier to provide and monitor: health insurance.

  • Mortgage life insurance is paid by the borrower, it pays the lender the outstanding capital and interest in case the borrower dies.

  • Mortgage life insurance is a form of term insurance in which the benefit payable upon the death of the insured decreases over time.

  • Mortgage life insurance is an insurance policy related to mortgage.

  • Manufacturer-authorized dealers are located much further from most farms than local repairmen or servicers, in some cases at great distance.

  • This activities aims to define the research strategies that will allow the design and implementation of the Grid infrastructure for Civil Protection.

  • Mortgage life insurance: A rationale for a time limit in switching rights.

  • The right mortgage life insurance protection $100,000 $75,000 $50,000 $25,000 Mortgage Personally owned life insurance Mortgage life insurance 0 5 10 15 20 25Years of mortgage Creditor protection is generally non-convertible term life insurance.

  • Mortgage life insurance is nothing more than life insurance on your life that will pay off the balance of your mortgage if you die while the insurance is in force.

  • Mortgage life insurance gives coverage for your family, if you die before your mortgage is paid off.


More Definitions of Mortgage life insurance

Mortgage life insurance means insurance on the life of a debtor in connection 1484 with an extension of credit that pays if the debtor dies. 1485 (125) "Motor club" means a person: 1486 (a) licensed under: 1487 (i) Chapter 5, Domestic Stock and Mutual Insurance Corporations; 1488 (ii) Chapter 11, Motor Clubs; or 1489 (iii) Chapter 14, Foreign Insurers; and 1490 (b) that promises for an advance consideration to provide for a stated period of time 1491 one or more: 1492 (i) legal services under Subsection 31A-11-102(1)(b); 1493 (ii) bail services under Subsection 31A-11-102(1)(c); or 1494 (iii) (A) trip reimbursement; 1495 (B) towing services; 1496 (C) emergency road services; 1497 (D) stolen automobile services; 1498 (E) a combination of the services listed in Subsections (125)(b)(iii)(A) through (D); or 1499 (F) other services given in Subsections 31A-11-102(1)(b) through (f). 1500 (126) "Mutual" means a mutual insurance corporation. 1501 (127) "Network plan" means health care insurance: 1502 (a) that is issued by an insurer; and 1503 (b) under which the financing and delivery of medical care is provided, in whole or in 1504 part, through a defined set of providers under contract with the insurer, including the financing 1505 and delivery of an item paid for as medical care. 1506 (128) "Network provider" means a health care provider who has an agreement with a 1507 managed care organization to provide health care services to an enrollee with an expectation of 1508 receiving payment, other than coinsurance, copayments, or deductibles, directly from the 1509 managed care organization. 1510 (129) "Nonparticipating" means a plan of insurance under which the insured is not 1511 entitled to receive a dividend representing a share of the surplus of the insurer. 1512 (130) "Ocean marine insurance" means insurance against loss of or damage to: 1513 (a) ships or hulls of ships;
Mortgage life insurance means insurance on the life of a debtor in 1291 connection with an extension of credit that pays if the debtor dies. 1292 [(125)] (126) "Motor club" means a person: 1293 (a) licensed under: 1294 (i) Chapter 5, Domestic Stock and Mutual Insurance Corporations; 1295 (ii) Chapter 11, Motor Clubs; or 1296 (iii) Chapter 14, Foreign Insurers; and 1297 (b) that promises for an advance consideration to provide for a stated period of time 1298 one or more: 1299 (i) legal services under Subsection 31A-11-102(1)(b); 1300 (ii) bail services under Subsection 31A-11-102(1)(c); or 1301 (iii) (A) trip reimbursement; 1302 (B) towing services; 1303 (C) emergency road services; 1304 (D) stolen automobile services; 1305 (E) a combination of the services listed in Subsections [(125)] (126)(b)(iii)(A) through 1306 (D); or 1307 (F) other services given in Subsections 31A-11-102(1)(b) through (f). 1308 [(126)] (127) "Mutual" means a mutual insurance corporation. 1309 (128) "NAIC" means the National Association of Insurance Commissioners. 1310 (129) "NAIC liquidity stress test framework" means a NAIC publication that includes: 1311 (a) a history of the NAIC's development of regulatory liquidity stress testing; 1312 (b) the scope criteria applicable for a specific data year; and 1313 (c) the liquidity stress test instructions and reporting templates for a specific data year, 1314 as adopted by the NAIC and as amended by the NAIC in accordance with NAIC procedures. 1315 [(127)] (130) "Network plan" means health care insurance: 1316 (a) that is issued by an insurer; and 1317 (b) under which the financing and delivery of medical care is provided, in whole or in

Related to Mortgage life insurance

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Insurance premium finance company means a person engaged in the business of

  • Blanket insurance policy means a group policy covering a defined class of

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.