Mortgage Protection insurance is coverage that will pay all or part of your monthly mortgage payment if you become disabled or pass away. This gives you the peace of mind that your family or loved ones will not have to take on the added financial burden of a monthly mortgage payment should your financial situation change due to your injury or death.
Mortgage Protection can be complicated, especially when it is offered the moment you sign your lending paperwork for a new home loan. Let us evaluate your current policy to ensure that you are getting the best coverage for your needs and budget.
Easy Acceptance
This policy covers almost everyone. Mortgage Protection is a great option for those who have a problem getting disability insurance due to a pre-existing condition or age. There are even policies with ‘Living Benefits’ that become available in the event of a medical emergency, like heart attack, stroke, or even just a change in your ability to perform normal daily activities. Living Benefits can help pay for medical costs, like hospital visits, nursing homes, rehab facilities, and more – and the best part; there is no risk. If you never need to access your policy, at the end of the term, you receive 100% of your principal back.
Benefits Can Include
- Protect your most important assets
- Easy acceptance and portability
- Disability coverage (optional)
- Tax-free payout that can payoff your entire mortgage
- Cash back (optional)
- Helps pay for medical, nursing, or terminal illness
