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Mortgage Protection

How Mortgage Protection Works

Mortgage protection insurance functions much like other life insurance policies: You pay premiums to the insurance company to purchase a specific amount of mortgage protection coverage. Those premiums are based on your attained age and your health, as well as the value of your home and the payoff amount. If you die while the policy is in force, the insurance company provides funds to pay off your mortgage.

Why Do I Need 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? None of us know what the future will bring, but you can achieve peace of mind today with mortgage protection insurance.

Advantages of Mortgage Protection Insurance

  • Provides a death benefit to pay off your mortgage in the event of your death

  • Pays your mortgage payments if you become disabled

  • Protects your mortgage payments in the event of critical illness

  • Provides benefits from a life insurance policy with generally affordable premiums

  • Achieves peace of mind for your home and family