Home ownership is one of the most fundamental dreams of most Americans. Every day people save and work hard to one day unlock the front door to a home they can call their own.
Isn’t it interesting that the insurance we are required to have protects the mortgage company and the physical home but not the homeowner?
We are required to have homeowners insurance which protects the property from damage or fire or something physical.
However, what if the physical house is okay but the home you have created is in danger of being lost because of a sickness or disability or death.
Mortgage Protection protects you and your family, not the mortgage company. Mortgage Protection can help make payments if you become sick or disabled and it can help make payments when someone dies. Most financial advisors would suggest not to make any financial decisions within 6 months of someone’s death. Mortgage Protection can provide time for your family to figure out their situation and allow them to have control of their situation.
Mortgage Protection Insurance is customizable to fit the specific needs of your family and your budget. Our home is typically going to be the most valuable asset we own. Even if car insurance was not required by law, most of us would still have it to cover our cars. All the more reason, it makes sense to cover our homes from something catastrophic. Mortgage Protection can help pay the balance in part or in full, it can help make the mortgage payments for a period of time, it can build equity much like a home and you can receive a cash value or return of premium.
Life insurance can make up for loss of income since you are no longer here to bring in a salary, social security or a retirement. Life insurance is here to make sure your family can continue on a day to day basis. Mortgage Protection is here to help take care of the mortgage.
Every family is unique and different. Reach out to one of our agents to see what fits your family’s needs and budget.
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