Mortgage Protection
Protecting Homeowners With Affordable Comprehensive Coverage
What is Mortgage Protection Life Insurance?
Mortgage protection insurance is a type of term life insurance that is designed to pay off your mortgage in the event of your death. It functions like a standard term life policy: You purchase a policy for a set period, make monthly payments, and if you pass away while the policy is in force, your chosen beneficiary receives funds to pay off your mortgage. This coverage ensures that your family could stay in their home if you were no longer able to contribute to mortgage payments.
More important than what it is, is what Mortgage Protection DOES for Families; buys them A CRITICAL PERIOD OF TIME (I.e. 6,12 18, 24, 36 months of time) to Make the Mortgsge Payments, Protect the Equity, and Secure the Asset from Probate, etc. Let's mutually discover what's best for your family needs and budget. Schedule an Appointment, Today!
Advantages for Homeowners
- Provides a death benefit to pay off your mortgage in the event of your death
- Pays your mortgage payments if you become disabled
- Protects your mortgage payments in the event of critical illness
- Provides benefits from a life insurance policy with generally affordable premiums
- Achieves peace of mind for your home and family
Frequently Asked Questions
Q: Do I Qualify for Mortgage Protection Life Insurance?
In most cases, yes! Mortgage protection insurance has a very high acceptance rate as most plans are offered with simplified underwriting (you won’t have to take a medical exam to qualify).
When Should I Buy Mortgage Protection Insurance?
If you have a mortgage on your home, or if you are in the process of obtaining a mortgage, you should consider buying mortgage protection insurance.
Can I Afford Mortgage Protection Insurance?
Mortgage protection is one of the most inexpensive types of insurance, and it’s often a more affordable option than purchasing a separate whole life policy to pay off your mortgage in the event of your death. You must be a Homeowner to qualify, so if you are, take advantage of the opportunity to leveage life insurance to bless your family, protect your equity and estate plans.
