Mortgage Protection Insurance

What happens to the household if a breadwinner suddenly passes away and a substantial portion of the mortgage remains unpaid?  Default can occur, which may likely result in the surviving family members loosing the home and having to find another place to live in a relatively short period of time.

The idea behind mortgage protection insurance is straightforward: You pay a premium, which remains the same for the duration of the policy, and if you should die during that time, the insurance pays off the rest of your mortgage.  However, our Mortgage Life products are quite competitive with the products offered by Mortgage Lenders because our products can cover your Mortgage and possibly other debts and final expenses at affordable rates.  In addition, our benefits can be guaranteed to remain level for a term of up to 30 years and may even be guaranteed never to lapse up to age 120!

For example, we now represent the Home Mortgage Series of Term and Universal Life products from Americo that guarantee level benefits and level premiums for up to $400,000 on a simplified issue basis without a medical examination!  The HMS products also offer cash back, waiver of premium, disability income, critical illness, additional insured, involuntary unemployment waiver of premium and accidental death benefit as rider options.  For more information and a complimentary quote, please call David Mascarenas at 505-293-8180.