Mortgage Insurance is a Way of Providing Less for More According to

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Chicago, IL (PRWEB) November 02, 2014, a service which allows consumers to compare and purchase life insurance electronically, is today alerting consumers of how mortgage insurance generally doesn’t provide as much value as life insurance for the same price.

According to, mortgage insurance is a form of life insurance in which the death benefit decreases with the remaining balance of a mortgage, but with life insurance, the death benefit is typically arranged to either grow or stay fixed. “Mortgage insurance is great for the bank, great for the insurer, and pretty mediocre for the customer. Overall, it’s much better to just buy traditional life insurance. Yes, it’s entirely likely that you won’t need the entire death benefit in the end, but nevertheless, it’s far more cost effective to just have a fixed death benefit life insurance policy,” said Eric Smith, the founder and independent life insurance agent of states that not only in their opinion is mortgage life insurance, otherwise known as decreasing term life insurance, an advantageous product, but that they have never placed a single policy that follows this scheme. invites all adults to view their own life insurance rates online within the site’s homepage. Consumers can also get information by phone directly from Eric Smith by dialing 888.374.2764.

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