Mortgage Life Insurance

The odds are that you have already been offered a mortgage life insurance if you own a house. Your lender may in fact have recommended such a policy as the premium payments are normally added to your mortgage payments.

Mortgage life insurance also works in the same manner as a decreasing term life insurance policy that will pay off your house if you die. As the amount left to pay on your home decreases and the years pass, your death benefit in turn, decreases.

These policies usually have a high cost, which only adds to your premium payment and interest on your mortgage. In addition to this, your lender is the beneficiary in this type of policy and your family will receive none of these death benefits. The bottom line is that any good life insurance policy can serve as mortgage life insurance. It might seem like a good idea to protect your home and take out a mortgage life policy but an affordable term life insurance policy will accomplish the same thing and term life insurance policies are generally less expensive than those offered by mortgage companies.

Air Travel Life Insurance - Air travel life insurance covers a broad range of situations such as lost or delayed luggage, flight cancellation, or even trip delay which can in turn cause other cancellations of hotel rooms or car rentals. Such insurance will cover you if you have a medical emergency before or during your flight as well as during your travel to and from the airport in case an accident occurs at the time. Air travel insurance does not cover accidents that happen while on vacation but only during the flight itself.

Air travel life insurance is basically like a short term accidental death life insurance policy. If the plane was to crash and you were killed or injured, your family and dependents would receive compensation through this type of insurance policy.

This type of policy however will terminate as soon as the policy holder leaves the airplane. This kind of insurance is only available for commercial flights and is not available for private carriers and has to be purchased prior to departure. At the end of the day, though, if someone depends on you financially, then you need life insurance to cover you no matter how you die.
An affordable term life insurance will protect the policy holder if he/she dies in an airplane crash or naturally and more than compensates for the loss of life without any extra expense.