HomeTermsCompareFinance Mortgage Life InsuranceThe definition for Mortgage Life Insurance:A term life insurance policy for theamount of the declining balance of a loan secured by a mortgage or deed of trust. The beneficiary under the policy is the mortgagee. In the event of death (some policies also cover disability) of the insured (mortgagor), the mortgage is paid in full. Similar MatchesCoinsuranceCoinsuranceA sharing of the risk of an insurance policy by more than one insurer. Usually one insurer is liable up to a certain amount, the other liable over that amount. Federal Deposit Insurance Corporation (fdic)Federal Deposit Insurance Corporation (fdic)The federal corporation which insures against loss of deposits in banks, up to a maximum amount. Home Warranty InsuranceHome Warranty InsurancePrivate insurance insuring a buyer against defects (usually in plumbing, heating, and electrical) in the home he has purchased. The period of insurance varies and both new and used homes may be insured. Further SuggestionsKeyman InsuranceMortgage Insurance Private Mortgage Insurance Reinsurance Click to compare definitions of Mortgage Life Insurance Click to view definitions beginning mo |