FAQ

Mortgage Protection

What is Mortgage Protection?

Mortgage Protection is a life insurance policy that we write on the primary breadwinner (and often spouse too) to provide money when you need it most. Too many people face terrible hardships when they lose a loved one and suddenly have to deal with unplanned expenses, the bills, the mortgage payment, possibly having to sell, move etc. A Mortgage Protection policy gives you the immediate cash you need to keep paying the bills, the mortgage, and all the other expenses that pop up, without feeling a time crunch to have to sell or move while you’re grieving and dealing with all the other issues of life. A Mortgage Protection policy will protect your equity and give you time to breathe, think and plan your next steps.

Do I have to have a mortgage? What if I sell / refinance / move?

You do not have to actually have a mortgage! And it does not matter if you ever decide to sell, refinance or pay off your mortgage early. We are writing a policy on YOU and not your home or loan. Our policy covers your family if something should happen to you, and does not have anything to do with the way your property is financed. You can rest assured that no matter what, your family will be taken care of!

Don't I already have that on my loan?

No, the bank offers to defer a payment or two to the end of your 360 payments, under special circumstances.
Our type of policy pays YOU (or your family) directly and then you decide what to do with it - pay bills, pay off the mortgage completely, or just keep making the payment, buying you time to decide what to do next.

How much does it cost?

Contact us today to set up a free chat. We’ll figure out your needs, discuss your current mortgage payments and equity, and then come up with a plan that fits you. It doesn’t work if you can’t afford it! We’ll find a plan that fits your needs AND budget exactly. Call or write us now for your free quote!