Why Buy Mortgage Protection Insurance? Getting a quote comparison for mortgage protection insurance policies is easy, just click this link and submit the completed mortgage insurance quote request. You will quickly receive the prices of the various policies available in your area. However, not all the policies are the same. In fact some companies sell basic term life insurance as “Mortgage Protection Insurance”. Sure it protects your family in case you die while you still have a mortgage. But, most foreclosures (62% in fact) are due to the unforeseen financial consequences of cancer, heart attack, stroke or other critical and chronic illness, not death. We detailed this in a previous article. Why buy mortgage protection insurance? Because the right policy can keep you from losing your home if you have cancer, heart attack, stroke or other ctirical and chronic illness that create the perfect storm of reduced income and higher expenses.Read More →
To secure a mortgage we are required to purchase and keep homeowners insurance because that policy protects the banks that lent you the money to purchase your house. Mortgage protection insurance, however, protects you and your family. It protects you from losing your home. You are not required to purchase mortgage protection insurance even though you are much more likely to need it and if you do, it determine your family’s quality of life four many years to come.
The mortgage protection insurance we offer our clients cost no more than the old fashioned “death only” coverage, but covers most major medical events. In fact, you can access your benefits in the case of heart attack, cancer, stroke, chronic disease or a major accident that leaves you unable to perform two or more of your activities of daily living.Read More →