Mortgage Protection

Homeownership is an exciting new time in most peoples lives – new beginnings, family, friendships, neighbors, and creating memories, but buying a home is a major financial commitment that will usually require making mortgage payments for years to come.

Homeowners insurance protects your property against physical loss or damage and Private Mortgage Insurance (if required) protects the Lender in case of default on the loan, but what happens if you or your spouse suddenly dies, gets sick, becomes disabled or you lose your job? How do you make sure there’s enough money to keep up with the mortgage payments and other bills?

Just so there’s full transparency and you’re not lost on words, Mortgage Protection is not an actual product but merely a concept delivered inside 1 or more life insurance policies that meet your specific needs and goals.

Mortgage Protection Life Insurance can help protect homeowners from financial hardship if they are unable to pay their mortgage due to illness, injury, or job loss or worst case your family is protected if you die. Essentially, it is life insurance, usually in the form of Simplified Issue Term Life with Living Benefits, but in reality multiple types of life and even health insurance products can do the job. Simplified Issue Whole Life (Final Expense), Accidental Death, Disability Income Insurance among fully underwritten term and whole life can accomplish what you may be looking for. It all depends on your particular situation with health, age, budget & goals.

Mortgage protection Life Insurance offers several benefits to homeowners:

Financial Security

Mortgage protection insurance provides a safety net for borrowers and their families, who may face financial difficulties due to unforeseen circumstances such as death, illness, injury, or job loss. It can help ensure that mortgage payments are made and prevent the borrower and their family from falling behind on their mortgage or losing their home.

Peace of Mind

Knowing that their family is protected and the mortgage payments are covered can give homeowners peace of mind and alleviate stress related to potential financial hardships due to death, injury, illness or job loss.

Affordable

Even if you’re on a limited budget you still have really affordable options available to you to give you and your family some peace of mind with some kind of buffer in case it’s needed.

Ease of Obtaining Coverage

Obtaining mortgage protection insurance is often a straightforward and easy process, typically with minimal underwriting requirements. There are a wide variety of options depending on your situation. There is even no medical exam and even Guaranteed Issue Options available, meaning no matter what your health situation is, you can still qualify for coverage, even with an affordable price.

Flexible Coverage Options

Mortgage protection insurance policies can be tailored to fit the specific needs of individual borrowers. They can include coverage for disability or unemployment, as well as options for choosing the length and amount of coverage. You can cover the entire mortgage plus some or just a small portion of the mortgage which gives you some time to make payments while you or your family adjust the situation to meet their needs.

Overall, mortgage protection insurance can provide a valuable layer of protection and peace of mind for homeowners who want to ensure that their mortgage payments are secure in the event of unexpected circumstances.

How Can We Help?

You may feel like you won’t need life insurance until you’re older, however the best time to purchase a policy is now while you’re younger and your health is as good as it gets and the premiums will be the lowest they can get, plus you want your family protected in their home in case a tragedy happens while payments are being made on the home.

No one likes to think about their own death or misfortune, but it’s important to have a plan in place in case the worst happens. We offer a variety of mortgage protection insurance policies to fit your needs. We can help you choose the right policy and terms for you.

The death benefit from a mortgage protection policy can help your loved ones cover the mortgage in the event of your death and you can receive benefits while still alive in case of disability or unemployment. These benefits come quickly in tax free payments to you or your beneficiaries.

States We Currently Serve:

Washington, Arizona, New Mexico, Texas, Oklahoma, Nebraska, Michigan, Ohio, Tennessee, South Carolina, Florida