The question every homeowner should ask
If your income disappeared tomorrow, how many months could your family keep making the mortgage payment? For most American households, the honest answer is two or three. After that, the home that holds every memory is at risk.
Mortgage protection insurance is life insurance sized and timed to your mortgage. If a covered breadwinner passes away, the benefit can pay off or pay down the loan — so the family keeps the house, not just the memories.
Modern policies do more than pay off a loan
Today's mortgage protection often includes living benefits: riders that can pay out if you become critically ill or disabled and can't work. Some policies offer return-of-premium options that give your money back if you never use the coverage.
Unlike lender-offered mortgage insurance, the benefit goes to your family — not the bank — and they choose how to use it. Any lender is accepted, and the policy follows you even if you refinance.
When to set it up
The best time is right when you buy or refinance — but any homeowner with a balance and people they love can benefit. Rates are based on age and health, so every year you wait costs more.
A quick review of your mortgage balance and budget is all it takes to see your options. It's free, and it could be the difference between your family keeping or losing their home.
Ready to protect your family?
Get a free, no-pressure quote or book a call at a time that works for you.
