Mortgage Protection
Mortgage Protection
Mortgage Protection
Protect your home for your family
Your home represents your largest asset. But for a large part of your adult life, when your loved ones need it the most, it’s also often the largest debt. 91% of the time, when an income earner passes away, the family loses the home. Mortgage protection can make sure that your equity and your home is protected for your family if you pass away or are diagnosed with a chronic, critical, or terminal illness. This is not the classic mortgage protection with a decreasing term or the bank as the beneficiary. The premiums remain level (and in some cases increase), and since YOU own the policy, You name the beneficiary.
Protect the equity you’ve worked hard to protect
If you plan to leave your home to someone, they may need time to first grieve, then sort through the home to collect personal keepsakes, and then get it ready to rent, sell, or move in. There are real estate costs, and sometimes it takes time to get a buyer offering the price you want. Putting a life insurance plan in place to protect the equity through this period ensures your family doesn’t take a loss on the home or have a financial burden they can’t afford.
Your mortgage relies on your income
Most households rely on the income of one or more individuals to pay the mortgage and other bills. If you have insurance through work, it’s intended to protect that income. Mortgage protection stretches that income for longer by taking care of the family’s largest bill and most important asset – the home!
Plans are portable
Let’s say you move to a new area and purchase a new home. Your mortgage protection policy stays in effect as long as you pay the premiums, regardless of where you live.
How We Work
Application Process
01
Collect some health and finance info
Rates and eligibility are based on age and health. Plans are tailored to your specific home and financial situation.
02
Multiple options
We will give you a few options to choose from. Plans are always scalable. We will recommend a few ideas, but we can always adjust for your needs and budget.
03
Fast Application Process
Most policies are issued using simplified underwriting, NO BLOOD or URINE. No trip to the doctor. 20 minutes and we submit an application electronically for the carriers to approve.
Have Questions?
Frequently Asked
Questions
How does billing work?
We have a simple billing system which draws premiums from your account of choice each month. This ensures your protection stays in place and your policy doesn’t lapse due to non-payment.
How much does it cost?
Because it’s based on health and age and gender, it truly varies for everyone. We take budget into account and are able to find some protection for everyone.
What if I have health concerns?
We work with dozens of carriers. Some are more friendly to diabetes for instance, some for cancer recovery patients, some for seniors, some for young people just buying their first home. We have something for everyone up to 80 years old. sometimes older.
Need further assistance?
Having trouble finding the information you need? Let’s chat.