MORTGAGE PROTECTION
Safeguard your home and family with coverage designed to pay off your mortgage if the unexpected happens. This specialized policy ensures your loved ones can stay in their home, even in the event of critical illness, disability, or death—providing peace of mind when it matters most.
MORTGAGE PROTECTION
Safeguard your home and family with coverage designed to pay off your mortgage if the unexpected happens. This specialized policy ensures your loved ones can stay in their home, even in the event of critical illness, disability, or death—providing peace of mind when it matters most.
Coverage That Matches Your Needs
Tailored to fit your unique financial situation and the specific terms of your mortgage. You can select a policy length that aligns perfectly with your loan, so coverage lasts exactly as long as your home is at risk. Optional riders, such as critical illness or disability coverage, provide an added layer of protection, helping ensure mortgage payments continue if life takes an unexpected turn.
Policies can also include flexible payment options and adjustable coverage amounts, allowing you to match the policy to your income, budget, and family priorities.
Coverage That Matches Your Needs
Tailored to fit your unique financial situation and the specific terms of your mortgage. You can select a policy length that aligns perfectly with your loan, so coverage lasts exactly as long as your home is at risk. Optional riders, such as critical illness or disability coverage, provide an added layer of protection, helping ensure mortgage payments continue if life takes an unexpected turn.
Policies can also include flexible payment options and adjustable coverage amounts, allowing you to match the policy to your income, budget, and family priorities.
What If You Outlive Your Policy?
Outliving a term life insurance policy doesn’t mean your money is lost—you have options to make the most of the coverage you’ve paid for.
Return of Premium (ROP): Adding a Return of Premium rider will refunds all or part of the premiums you’ve paid if you outlive the term.
Conversion to Permanent Coverage: Convert to a permanent policy, without requiring a new medical exam. This ensures you can continue coverage even if your health has changed, and it gives you the added benefits of permanent insurance for lifelong protection.
What If You Outlive Your Policy?
Outliving a term life insurance policy doesn’t mean your money is lost—you have options to make the most of the coverage you’ve paid for.
Return of Premium (ROP): Adding a Return of Premium rider will refunds all or part of the premiums you’ve paid if you outlive the term.
Conversion to Permanent Coverage: Convert to a permanent policy, without requiring a new medical exam. This ensures you can continue coverage even if your health has changed, and it gives you the added benefits of permanent insurance for lifelong protection.
The High Cost of Going Unprotected
Losing the primary breadwinner or facing a critical illness can put a family’s home at serious risk. Disability causes foreclosure 16 times more often than death, and illness is linked to 13% of foreclosures. The loss of a spouse can also lead to a significant drop in household income, doubling the risk of financial instability. Without proper protection, families may struggle to maintain their mortgage, cover daily expenses, or keep their home.
Mortgage protection insurance provides a safety net, ensuring mortgage payments continue in the event of death or critical illness. With the right coverage, you can safeguard your family’s home, preserve financial stability, and have peace of mind knowing they are protected during life’s most challenging moments.
Ready To Get Started?
Ready To Get Started?
FAQ
Does Mortgage Protection only cover traditional mortgages?
No. It can be applied to fixed-rate, adjustable-rate, second homes, or even investment properties, providing flexibility for a variety of homeowner situations.
Are premiums affected by my age or health?
Yes. Like most insurance, premiums are influenced by your age, health, and mortgage amount. Locking in coverage early typically results in lower costs and broader benefit options.
What makes Mortgage Protection a smarter choice than using savings or other assets?
Rather than relying on personal savings, which could be depleted in an emergency, Mortgage Protection creates a dedicated financial safety net. It ensures your family can stay in their home without touching other investments or retirement funds.
What happens if I face a serious illness and can’t make my mortgage payments?
With the right riders, your Mortgage Protection policy can continue payments if you’re diagnosed with a critical illness or become disabled. This prevents foreclosure and protects your family’s home while you focus on recovery.
How quickly can my family access the benefits if needed?
Depending on the policy and riders selected, benefits can often be accessed immediately or within days after a claim is approved—providing fast relief during critical times.
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