Chicago Real Estate
Information
Mortgage Life Insurance
When lenders refer to mortgage insurance, they're referring
to coverage that's provided by CHMC or MICC for a high ratio mortgage.
Mortgage life insurance (MLI) is inexpensive coverage on your life which
protects your family or beneficiaries by paying off your outstanding
mortgage in the event of your death. For just pennies a day, you will
have peace of mind knowing your beneficiaries will be mortgage free.
MLI premiums are based on two factors: your age and mortgage amount.
Your premium is added to your mortgage payment so there's no extra paperwork,
and it remains the same until your mortgage is paid off. Joint coverage
for spouses is also available.
General Information
Homeowner's
Insurance
Mortgage Life Insurance
Disability Insurance
Job Loss Mortgage Insurance
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