Does the Mortgage Insurance premium increase as the mortgagor ages?
Absolutely not with Mortgage Insurance! All Total Mortgage Protection rates are guaranteed. back to top How do Mortgage Insurance premiums get paid? Total Mortgage Protection offers many payment options and our agents will explain them to you in detail. They may include credit card, electronic deposits or other suitable methods back to top When does Mortgage Insurance coverage become effective? With Mortgage Insurance in most cases, right away, but your Total Mortgage Protection agent always makes sure you understand any special conditions that apply. Conditional Receipt: A receipt given for premium payment accompanying an application for insurance. If the application is approved as applied for, the coverage is effective on the later of the date of prepayment or the date on which the last of the underwriting requirements, such as medical examination, has been received by the insurance company. A conditional receipt for premiums paid upon application may protect the proposed insured fro
