WHAT IS MORTGAGE PROTECTION INSURANCE?
On average, mortgage payments are the single largest source of personal debt. In the event of a passing, Mortgage Protection Insurance can be paid to your surviving family to pay off the balance of a mortgage.
If need be, the death benefit can also be used by the family (or beneficiaries) for funeral costs or other pressing debts and bills. Funeral expenses cost an average of $10,000 and can be an enormous financial strain when a family is also responsible for a mortgage payment and other daily expenses.
WHY IS MORTGAGE PROTECTION INSURANCE SO IMPORTANT?
Unfortunately fatal accidents can happen to anyone at any time. An unexpected death and loss of income can put families through great emotional and financial hardship. Mortgage Protection Insurance can provide a small comfort to those grieving by granting them financial security.
Having this coverage in place would allow your family the proper time to grieve without the added stress of arranging funds for various final expenses and bills. You can give your family the protection they deserve and peace of mind for yourself by ensuring they will be taken care of during a difficult time.
Please feel free to call or e-mail us to obtain a free quote and discuss the best options for you. We look forward to helping your family develop a plan that fits your coverage and budget needs.