Which type of life insurance coverage payable to a third party lender upon the death of the insured for loss of loan payments?
Which type of life insurance coverage payable to a third party lender upon the death of the insured for loss of loan payments?
[A]Micro Insurance
[B]Mutual Insurance
[C]Mortgage Insurance
[D]Health Insurance
Mortgage Insurance
Mortgage Insurance is a form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments.