Mortgage Protection

Homeowners! Did you know?

You can use a Term Life insurance Policy to protect your mortgage.
For many homeowners, purchasing a home is the biggest investment they will make. The question then becomes:
How do you protect that investment?
To dig a little deeper, if something unexpected happened to your spouse or partner, would the other be able to continue making the mortgage payments in order to keep the home? If not, you may consider mortgage protection.
For example:
If you took a home loan in the amount of $500k for a 30 year term, you would apply for a 30 year term life insurance policy for that amount. If something happens to you, your loved one would receive the benefit (not the bank) in order to pay off the mortgage. Anything left over, your loved one also keeps for any additional expenses.
Let’s chat today if you are in need of mortgage protection.