What is Mortgage Disability Insurance and why is it important? Paying the mortgage can be nearly impossible when you're bedridden with an illness or injury. Mortgage disability insurance pays the bill for you if you're disabled and unable to draw income.
Here's a sobering fact. According to the US Department of Housing and Urban Development, nearly half of all foreclosures are caused by disability. On top of that, according to the Social Security Administration, one in five people suffer long-term disability before the age of 65. If you put two and two together, it's pretty clear that disability is one of the most significant threats to your home.
Don't let yourself become a statistic. With a mortgage disability insurance plan in place, you can rest assured that your home is paid for regardless of your health. If illness or injury should occur, you can focus on recovery instead of worrying about how the bill gets paid.
Cancer, heart attack, and stroke… three devastating illnesses that can strike at any time, robbing your family of its financial security. Our mortgage disability insurance plans safeguard your family’s welfare, so you can worry about recovery instead of bills.
Here are some benefits of Mortgage Disability Insurance you may not have known about:
No medical exam.
Get up to twice the normal benefit in the event of accidental death.
Receive your benefit early to deal with a terminal or critical illness.
Receive a monthly benefit to pay off your mortgage in the event of prolonged disability.
Insure your spouse, your children, and yourself under the same plan for a single policy fee.
Disburse the benefit as a lump sum or monthly over the course of several years.
Earn interest on your premiums to provide you and your spouse an extra source of income for emergencies.
Receive a refund of all your premiums when the policy expires.
Take time today to speak to me about protecting your future, your mortgage, your home and ultimately your family. Don't wait another day, call today! Call 301-728-5505 or email us at edavis@LifeHealthHome.com
