Mortgage Life Insurance – Never Default on Home Mortgage Payments Again, Ever!
What is Mortgage Life Insurance
To put it simply, mortgage life insurance policies help mortgage professionals safeguard their client’s homes and families. It is life insurance equivalent for the mortgage payments.
Mortgage life insurance is a good way to protect the homeowner’s family, and not the mortgage lender. This simple policy is a life insurance policy of the home owners so in the event something unfortunate were to happen to them, their family has a means to pay off the remaining mortgage.
- 15 to 30 years Policy Terms available
- Monthly, semi-annual, quarterly or annual premiums
- Choose coverage as per your mortgage balance
- Variable Premiums according to mortgage life
- Income tax free death benefits for your loved ones
Just to clarify, mortgage life insurance and mortgage default insurance are not the same. Mortgage default insurance is what lenders need to protect their assets if a homeowner has equity in their home which is less than 20%.
How Much Does It Cost?
The cost of the mortgage life insurance varies as per mortgage. If you still have a fair amount of your mortgage to pay off and you’re the main wage earner in your home, then mortgage insurance should be of high interest to you. The most important thing to consider is the peace of mind this product offers. You can sleep easy knowing your mortgage will be paid if anything ever happens to you.
How to Apply
When you decide to get mortgage life insurance, you can tell your licensed mortgage professional right away during the initial application stage. Or you can wait until your file progresses to the deal closing stage and there your mortgage professional will ask you if you would like to sign up for this product. Make sure your mortgage policies are effective and backed by a reliable organization.
Only certified mortgage professionals can guide you best. Our experts would evaluate your assets and costs to determine the exact coverage required. We assist in finding the details of home mortgage life insurance. Make the best decision of your life with the due guidance of our certified professionals.
How Life Insurance Calculator works?
Life insurance is determined by current assets, income and expenses. You just need to let our experts know all these details and they would provide a detailed report defining how much life insurance you require plus its exact costs.
Mortgage life insurance includes lots of complex processes. You need professional guidance to calculate the miscellaneous costs associated with this insurance.
Call Us to Get effective mortgage life insurance solutions Today.