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Mortgage Protection

Insurance

Affordable insurance that provides financial

security for your home and family should

tragedy strike.

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What is Mortgage Protection Insurance?

As a homeowner, you want to protect your home with affordable, comprehensive

coverage.

Mortgage protection insurance is a type of term

life insurance that is designed to pay off your

mortgage in the event of your death. It functions

like a standard term life policy: You purchase a

policy for a set period, make monthly payments,

and if you pass away while the policy is in force,

your chosen beneficiary receives funds to pay off

your mortgage. This coverage ensures that your

family could stay in their home if you were no

longer able to contribute to mortgage payments.

Mortgage protection insurance is right

for you if you want to:

• Protect your most valuable asset

• Ensure your loved ones never have to deal with

• the fear of losing their home

• Provide financial security if the unthinkable

• happens

63% of families with

children are

dependent on two

incomes.

Why Do I Need Mortgage Protection Insurance?

As a homeowner, being able to pay your

mortgage on time every month is important.

What would happen to your loved ones if you

were to die prematurely, become disabled or

critically ill, and your income suddenly

disappeared? None of us know what the future

will bring, but you can achieve peace of mind

today with mortgage protection insurance.

Advantages of Mortgage Protection Insurance

• Provides a death benefit to pay off your

• mortgage in the event of your death

• Pays your mortgage payments if you become

• disabled

• Protects your mortgage payments in the

• event of critical illness

• Provides benefits from a life insurance policy

• with generally affordable premiums

• Achieves peace of mind for your home and

• family

We can shop over 30

top-rated insurance

carriers to help you find

the plan that’s right for

you.

How Mortgage Protection Works

Mortgage protection insurance functions much like other life insurance policies: You pay premiums to the insurance company to purchase a specific amount of mortgage protection coverage. Those premiums are based on your attained age and your health, as well as the value of your home and the payoff amount. If you die while the policy is in force, the insurance company provides funds to pay off your mortgage.

Frequently Asked Questions

What is the difference between mortgage protection insurance and homeowners insurance?

Mortgage Protection Insurance:

• Makes your premiums in case of job loss*

• Money goes to your family

• Pays your mortgage if you become sick or

• injured

• Money your family receives is tax free

• Is portable – new home? It travels with

• you

*Available in most states. Limitations may apply. Benefits and carriers will vary for coverages and are subject to underwriting approval, product limitations and availability.

Home Owner's Insurance

• Damage to your home in severe weather

• and water conditions

• Theft of your belongings

• Vandalism of your house and property

• Fire damage to your home

• Personal injury lawsuits if someone gets

• hurt on your property

Do I qualify for mortgage

protection insurance?

In most cases, yes! Mortgage protection

insurance has a very high acceptance rate

as most plans are offered with simplified

underwriting (you won’t have to take a

medical exam to qualify).

When should I buy mortgage