I am currently having some mortgage life insurance worries and I just need some general advice on how this mortgage life insurance works at all. I in fact never expected that I should be having this sort of problems. I am seriously ill actually and I applied for this mortgage life insurance years ago for I never wanted my wife to be charged for anything extra if I pass away. The thing is that my life insurance company actually informed me recently that my wife would actually be paying off this mortgage by herself.
I am afraid I havent understood you clearly but to me it sounds like you are worried about your wife being charged for this mortgage. As far as I know that is something that usually goes with mortgage life insurance in the case of income losses-someone from your family should pay this insurance off. And all you cab do actually is to choose now what would be the coverage amount on your insurance policy and you try to pay off all your mortgage on time. The fact is that if you manage to pay off the total price of your mortgage the insurance policy will still continue and it would be valid for your wife afterwards also.
