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What is the benefit of Mortgage Protection Insurance?
We all take time to insure all of our assets, and yes you probably have insurance to cover your home in the event of a loss. But what happens to the mortgage in the event of losing you? Who's going to pay that bill to keep a roof over the heads of your family?
This is where Mortgage Protection Insurance comes in!
In the event of you or a loved one passing, the bills & obligations to pay the mortgage and the bills associated with the home, will not go away. Implementing this type of coverage can protect the loan on the home ensuring that your family always has a roof over their head.
Remember homeowners insurance does not protect your mortgage. Homeowners Insurance is designed to protect the home itself in the event of losses such as a fire. In the event of a loss you will still have to continue paying your mortgage payments. By adding a Mortgage Protection plan along with your Homeowners Insurance, you can be at ease knowing that your home and your mortgage are both protected.
Some of the features of Mortgage Protection include:
DEATH BENEFIT: Pays off your loan in the event of death
DISABILITY: Pays your mortgage loan payments if you become sick or injured & can't work.
UNEMPLOYMENT: Makes your mortgage payments in the event of job loss.
MONEY BACK OPTION: Returns your premiums if the benefits are not used by the end of the mortgage term.
KNOWING YOUR FAMILY WILL NOT LOSE THEIR HOME!!!
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