My parents are getting older and they still work and if they go down due to sickness i will have to fill in, but i can not be johnny on the spot, is there an type of insurance that could jump in before me., in reference to the house payments.
2007-06-13 08:06:18 · 8 answers · asked by corey p 1 in Business & Finance ➔ Renting & Real Estate
Yes, It's called life and disability insurance. You should ask your mortage comapny. Most now days offer this when the loan is taken out. Aflac is also another one that may offer this.
Hope this help.
2007-06-13 08:10:20 · answer #1 · answered by Karin P 2 · 1⤊ 0⤋
That type of insurance is often included in the mortgage payment already. Check with the lender that holds the mortgage on your parents' home. Another option is disability insurance; it pays a certain amount per month that you can use for whatever you need.
2007-06-13 08:09:43 · answer #2 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 0⤋
Yes, such policies ARE available, but I'd venture they might be expensive if your parents are older and not in excellent health. Check with either the holder of the mortage or an independent insurance agent.
2007-06-13 08:09:54 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
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2016-12-08 08:14:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, it's called disability insurance. Might be expensive though.
2007-06-13 08:10:30 · answer #5 · answered by wish I were 6 · 0⤊ 0⤋
You are talking about mortgage insurance. It is usually added to the mortgage, contact the mortgage company, they may already have it.
2007-06-13 08:11:37 · answer #6 · answered by smartypants909 7 · 0⤊ 0⤋
AAA has alot of policies like that. But if it's not in your name it will be more expensive because your parents are older. But give them a try.
2007-06-13 08:15:00 · answer #7 · answered by Babe 2 · 0⤊ 0⤋
Mortgage insurance will cover them but it is expensive.
2007-06-17 06:41:17 · answer #8 · answered by Maggie Jeans 3 · 0⤊ 0⤋
some jobs with benefits offer short term disablility and long term that if something happened the job would still pay their salary.
2007-06-13 08:10:42 · answer #9 · answered by ehrlich 6 · 1⤊ 0⤋