Mortgage Protection Insurance is often misunderstood and because of that many people don’t have it. Mortgage protection insurance is more than term insurance because it’s designed to cover the mortgagee in case of loss while living, not just at death.
Mortgage Protection Insurance has saved many people from losing their home through foreclosure. It has helped to make sure the mortgagee receive supplement payments to cover the mortgage and sometimes additional expenses such as utilities and groceries.
A home for most, is their most costly asset and with a mortgage attached it’s the biggest liability. As a homeowner you protect your home with homeowner’s insurance in case of a fire, flood, tornado or hurricane. Why not protect it with Mortgage Protection Insurance?
Did you know, that your ability to earn an income is the most valuable asset you have, take it away because of an unforeseen medical issue then that asset can be in danger. Mortgage Protection Insurance gives you financial assistance you need to stay in your home by paying you the money to continue to make your mortgage payments.