Mortgage Life Plans Flex Mortgage - A point-of-sale decreasing term Mortgage Life Plan. Three modes of premium payment (advanced, annual, or monthly) has no impact on loan servicing, premiums can be collected and commission paid no matter whether loan is serviced or sold-portable. Simplified application and underwriting. Amount of Coverage Term Length Age $1,000 - $500,000 120-360 months 18-64 (Exit age - 74) Medical questions asked or evidence of insurability required for all amounts. Home office approval required.   Line of Credit - A seven year annual renewable term plan, which insures the entire line of credit. Annual premium and coverage remain fixed throughout the seven years. Amount of Coverage Term Length Age $1,000 - $150,000 84 months 18-59 (Exit age - 66) Simple to use - with application and disclosure documents printed on your computer. Call for a sample CD.