Are you planning to buy a home, or do you already own a home? Irrespective of your answer to this question, you need mortgage insurance. No matter where you are on the home ownership spectrum, you will need mortgage insurance. When you take out a mortgage, it is for the long-term, and anything can happen to you during those years. Notwithstanding your marital status, you need to protect yourself and your family. Come in and let me determine what mortgage insurance is right for you. You may choose from:
Mortgage Life Insurance:
Mortgage protection insurance is a life insurance policy that pays off your mortgage if you die prematurely. Mortgage protection insurance is a decreasing term life insurance policy or you can get level term life insurance . In other words, the death benefit on the policy is designed to go down over time along with your mortgage balance with the decreasing term life insurance and with the level term life insurance death benefits will remain same over the term period.Your monthly premium, on the other hand, stays the same throughout the life of the policy..
Mortgage Disability Insurance:
In some cases, mortgage rotection insurance also can provide coverage if you become disabled. However, this type of policy is less common and has more benefits. Your mortgage payments are for the long-term and depending on your age, may even last up to the legal retirement age. Again, any eventuality can occur during this time. This type of insurance covers your mortgage payments if you should become seriously ill or injured.
Don’t leave your investment to chance, let us chart a way forward to protect your assets and your family.