It’s always better to prepare for the future and mortgage protection insurance helps you do that. Taking out this type of policy will allow your family to still afford the house with the main breadwinner gone in addition to helping them cope financially during this very tough time. The great thing about mortgage protection insurance is that it’s the same as many other types of term life insurance.
It’s fairly easy to obtain coverage. You just need to find a policy that best fits with your budget and needs, pay the monthly premium fees and at the end of the policy term, the mortgage protection insurance will be terminated. If you pass before the term ends, a death benefit will go to your family to pay off the house’s mortgage. The benefit funds will be sent to your mortgage lender to pay off the house, so your family doesn’t have to worry about paperwork or any additional process. Terms for mortgage protection insurance are locked into the same period of time as a typical mortgage (either 15 or 30 years).
We specialize in mortgage protection insurance in Orlando, FL and beyond. We can help you find the best policy for your budget and needs. We’ll make sure to find one that offers optimal protection, so that your loved ones are well taken care of and can stay in your home once you die. You can reach our team of skilled insurance specialists by calling our toll-free number or filling out the form at the bottom of this page – (IF THIS APPLIES)
*Note that not all benefits are available in every state and it’s best to speak with an agent for more details.
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