Our mortgage protection plan puts you in position to ensure your mortgage is taken care of in the event some thing happens. This plan has several features to provide your family with the financial security to live peaceably knowing your home is secure. Please review the features below of Mortgage Protection Plan.
Choice of Beneficiary - You decide who receives the proceeds of this plan in the event of death. You have several options to choose from and here are three of the most popular.
- Payoff the mortgage in one lump sum
- Payoff a portion of the mortgage and refinance the remainder to get lower payments
- Use the death benefit to get more time to sell the house for what it is worth and get more benefit from the equity in the house
Portable - If you sell or buy a new home you can transfer this plan to your new property. This plan will still carry over if you refinance your mortgage to the new mortgage.
Death Benefit Remains Level - Many mortgage protection plans death benefit decrease with the plan but this plan maintains the same death benefit during the entire length of plan.
Guaranteed Rates - Premium rates are guaranteed for the full term.
24 Hour Coverage For Accident or Sickness - Many mortgage protection plans will only pay if death was caused by an accident. This plan will pay regardless if it was caused by accident or sickness.
Additional Accident Death Benefit & Common Carrier Death Benefit - An additional benefit equal to 50% of your base death benefit will be paid to the beneficiaries if death occurs as a result of an accidental injury. An additional 100% of your base death benefit will be paid to the beneficiaries if death occurs as a result of an accidental injury while riding as a fare-paying passenger or a common carrier.
Living Benefit - You do not have to die for this policy to help protect your family. At NO EXTRA COST benefits are payable chronic, critical, and terminal illness. You can request a full or partial acceleration of your policy's death benefit if the insured suffers from any of the above illness.
Cash Back Option - You have the option of receiving a FULL REFUND on ALL PREMIUMS that were paid into this policy if you did not receive any benefits during the coverage period. One of the most popular ways of using this benefit is that you receive the CASH BACK option 5 TO 10 YEARS before the end of the mortgage, which you can use to pay off the remainder of the mortgage early. This benefit alone can save you thousands!!!!!
Let's get you and your family protected with our Mortgage Protection Plan by scheduling your consultation today.