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What is Mortgage Protection Insurance and why is it so important?
Mortgage life insurance is life insurance that pays off your mortgage in the event of your death. It’s not just a piece of paper, though. It’s an investment in peace of mind. You can rest easy knowing that your family will never lose its home, even if the unthinkable should occur.
For most homeowners, the mortgage is the single largest source of personal debt. Mortgage protection insurance is a specialized life insurance policy designed to pay off that debt in the event of your death.
Imagine the worst case scenario. A fatal accident today would force your loved ones to immediately experience financial hardship. On top of your final expenses, the mortgage is due, but your family has no way to pay it without your income. They haven't even had enough time to grieve and now they have to deal with the impending tragedy of foreclosure.
Like most life insurance, mortgage protection insurance eases the financial burden of your loved ones. It is an affordable way of ensuring that your home is paid for no matter the circumstances. Cancer, stroke, heart attack, injury, death… your family will never be in jeopardy of losing its home as long as you put a custom mortgage protection insurance plan in place.
Tragedy can strike your family when you least expect it, straining finances to the breaking point. Without careful planning, bankruptcy and foreclosure might not be far off. Our mortgage protection insurance plans shield your family from the financial fallout so that life can go on without the threat of financial instability.
Here are some benefits of Mortgage Protection 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.
- Received 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
Visit our web site at www.LifeHealthHome.com today for more information
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