Mortgage protection is a form of life insurance that would provide your beneficiaries with substantial funds to pay off your mortgage, free-and-clear, if something were to happen to you. Policies can be purchased to match or coincide with the length of your mortgage loan.
For example, the rates for a 40-year-old male for 10, 20 and 30 years $100,000 mortgage would only cost as little $15, $18, $28 per month — in that order. Once you qualify, you're guaranteed that rate for the entire term purchased.
Most importantly, most of these policies now have "Living Benefits" available to advanced you. Proceeds from the death benefit to help pay your mortgage, medical and other bills in event of any critical, chronic and terminal illness — such as a heart condition, stroke, cancer, transplant, kidney failure, leukemia or lymphoma. These are included at no extra cost which makes this policy very unique.
This policy, as are most that we offer, can be easily written right over the phone. Low-cost term plans available for amounts ranging from $5,000 to $5 million to cover all kinds of financial responsibilities — especially new homebuyers who want their biggest investment insured while offering peace of mind for themselves and dependents as well. Because you never know!
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