Mortgage Protection is a type of life insurance designed to pay your mortgage in full upon death and provide a cash payout to help with mortgage payments if you become seriously ill.
This provides homeowners with a cash payout from their mortgage protection to cover payments if they are diagnosed with a terminal illness.
In the event you are unable to work due to a major medical illness, your mortgage protection plan can supplement your income.
This cash payout covers the mortgage balance if you get a critical illness such as cancer, kidney failure, an organ transplant, a stroke, or a heart attack.
Get cash back at the end of your mortgage term using a special benefit in your mortgage protection coverage.
Cash payout to cover mortgage payments if you are unable to help yourself with at least two activities of daily living and someone has to take care of you.
Your family will receive a cash payout after your death to pay off the mortgage balance or protect the mortgage payments until they sell the home.
Sheena Smikle
The clients I help feel empowered to know they can pay their mortgage if they become seriously ill and lose the ability to work. They generally have more peace of mine that their family will be able to pay off the mortgage upon death.
Things got tough when my spouse passed away. On top of that, I had to worry about the mortgage payments on our home. Thankfully, we had mortgage protection in place. It saved the equity in our home and allowed me to focus on healing during this difficult time.
I recently fell ill and couldn't work for several months. Without mortgage protection, I don't know how I would have managed to keep up with the bills and mortgage payments. The cash payout from our policy was a godsend during my illness..
I always heard my parents talk about the importance of mortgage protection. When I purchased my own home, I decided to follow in their footsteps and get a policy for myself. I'm so glad I did!
I always heard my parents talk about the importance of mortgage protection. When I purchased my own home, I decided to follow in their footsteps and get a policy for myself. I'm so glad I did! Not only do I have peace of mind knowing that my home is protected.
Things got tough when my spouse passed away. On top of that, I had to worry about the mortgage payments on our home. Thankfully, we had mortgage protection in place. It saved the equity in our home and allowed me to focus on healing during this difficult time. I highly recommend getting mortgage protection it's a small investment that can make a world of difference.
I never thought I'd need mortgage protection, but when I faced a serious illness that left me unable to work, I was so grateful to have it. The cash payout from my policy was a lifesaver, helping me cover my mortgage payments and allowing me to focus on my recovery without the added stress of potentially losing my home.
Descriptions are for informational purposes only and subject to change. Limitations may apply. Benefits and carriers will vary for coverages and are subject to underwriting approval, product limitations, and availability. Benefits are not available in all states. Please note that Custom Pointe Financial and its representatives do not provide investment advice or securities transaction services. Our focus is solely on retirement and life insurance planning.
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