the type of life insurance often used as mortagage insurance is:

A.decreasing term
B.universal life
C.whole life
D.homeowners insurance
i got B

Nope.

http://en.wikipedia.org/wiki/Universal_life_insurance

http://www.investopedia.com/terms/d/decreasing_term_life.asp#axzz1az4xIKEx

wait before i go and check that link i had a second answer is it A ?

Yes, it's A.

yay thank you !

You're welcome.

To determine the correct answer, you would need to understand the different types of life insurance and how they relate to mortgage insurance.

A. Decreasing term insurance: This type of life insurance provides a specific coverage amount that decreases over time. It is often used to cover a specific debt, such as a mortgage, where the amount owed decreases as the mortgage is paid off. However, it is not exclusively used for mortgage insurance.

B. Universal life insurance: Universal life insurance is a type of permanent life insurance that offers a death benefit as well as a savings component. Although it can be used for various purposes, it is not specifically designed for mortgage insurance.

C. Whole life insurance: Similar to universal life insurance, whole life insurance is a type of permanent life insurance that provides a death benefit and a cash value component. However, like universal life insurance, it is not specifically tailored for mortgage insurance.

D. Homeowners insurance: Homeowners insurance typically covers the structure of the home, personal belongings, and liability protection in the event of an accident or injury on the property. It is not directly related to mortgage insurance.

Given the options, the correct answer for the type of life insurance often used as mortgage insurance is A. Decreasing term insurance. With decreasing term insurance, the coverage amount steadily decreases over time, aligning with the outstanding balance on a mortgage. It ensures that if the insured person passes away, there will be enough coverage to pay off the remaining mortgage balance.

In conclusion, the correct answer is A. Decreasing term insurance.