Mortgage Protection Life

These policies provide protection to the spouse and family when a mortgage, loan, or some indebtedness is incurred.

Mortgage protection insurance differs from PMI(Private Mortgage Insurance)

by the important detail that PMI insures the lender and not your family.

It is typically used as term insurance.  Policies may be “layered” or “laddered” so as the mortgage amount owed decreases, the coverage reduces incrementally over time.

If the borrower/insured dies before the debt is paid, the life insurance pays off the debt,

leaves a sum of money for the beneficiary to pay off the balance of the mortgage owed,

or the proceeds are invested and continue making payments while still retaining the principal.

For more information or a customized quote, contact a life specialist at 1.800.396.5993 or email us at customercare@lifequotenow.com