Mortgage Plan: Mortgage Life Insurance

Top Benefits and Features

The benefit amount for the Blue Cross Mortgage life insurance is expected to be less than or equal to the amount insured approved by the insurer at the commencement of the contract and the outstanding balance of the mortgage loan or home equity line of credit. Some other benefits involved in this plan include accelerated benefit, simultaneous death benefit, and so forth.

• To be eligible for mortgage life insurance coverage, the insured must be between the ages of 18 and 65 (both inclusive).
• The coverage amount for this plan ranges from $10,000 to $2,000,000 (both inclusive), in $1,000 increments.
• It is also required that you contract or be contracted a mortgage loan or equity line of credit for buildings like principal residence, second residence, building with income and buildings for commercial usage.
• The benefit amount for the Blue Cross Mortgage life insurance is expected to be less than or equal to the amount insured approved by the insurer at the commencement of the contract and the outstanding balance of the mortgage loan or home equity line of credit.
• The waiting period and benefit period for this plan can be used to customize the insurance plan to your exact specification.
• The plan has two benefit periods, namely, 24-month benefit period and duration of the loan.

Similar Blue Cross Insurance Products

• Life

Life

• Tangible Life Insurance: Hybrid Plan
• Global Plan: Term to 65
• Express Plan: Guaranteed Issue Life Insurance
• Mortgage Plan: Mortgage Life Insurance
• Mortgage Plan: Disability Insurance
• Express Plan: Life, Accidental Death and Loss-of-Use Insurance for Children

Additional resources

Learn more about your life insurance options from these informative articles.