Mortgage Protection Insurance

Mortgage Protection Insurance (MPI) is a life insurance product designed to pay off your mortgage if you were to pass away.

 
In the event of you passing away, mortgage protection plans assist in paying off the remainder of home loans, or provides supplemental income to family members to prevent your home from being foreclosed.

Mortgage Protection Insurance

As a homeowner, being able to pay your mortgage on time every month is important. What would happen to your loved ones if you were to die prematurely, become disabled or critically ill, and your income suddenly disappeared? Would they be able to pay off the mortgage without difficulty and stay in their home? If your answer to that question is “No” or “I’m not sure”, you owe it to yourself and to your family to consider consulting with one of our licensed professionals.
 
While there are many different types of insurance policies and it can sometimes be difficult to understand what they are and what they do, mortgage protection insurance is just what it sounds like: life insurance designed to pay off your mortgage in the event of your death. Mortgage protection plans also offer coverage to pay off your mortgage in the event you were to become critically ill or disabled.

Benefits of Mortgage Protection Insurance 

 
  • Replacement of Income after death to prevent foreclosure on home
  • Temporary need to cover short-term financial responsibilities 
  • Coverage is for the duration of the home loan (10,15,20,30 year terms). 
  • Return on premium (ROP) included, if qualifications are met
  • Living benefits are included, if qualifications are met
Seven out of ten American households
are dependent upon two incomes

Protect Your Most Valuable Asset

For most of us, our homes are our biggest investment as well as our largest monthly expense. If your loved ones depend on your income to make your monthly mortgage payment, a sudden loss of that income could have catastrophic results. Dealing with the death or disability of a loved one is already emotionally challenging; adding financial stress can create an unbearable situation. Mortgage protection provides peace of mind, knowing that your family wouldn’t lose their home even if the unthinkable was to occur
Would You Like to Request a Quote?
Please fill out the short form so we can provide you with the policy options to best match your coverage and financial needs.