Mortgage protection insurance is there to help you when you need it most.
Most likely, your mortgage is your biggest monthly expense. Even though many of us focus on paying this on time every month, very few of us wonder what will happen if we can’t pay this bill due to death of a spouse, illness, or disability. The reality is, you’d still need to make payments or you’d risk losing your home to foreclosure. Therefore mortgage protection insurance is a valuable resource.
Mortgage protection insurance will pay you a set amount of money per month, usually for a period of up to two years, if you are unable to work. As a reliable form of coverage for yourself, home, and family, it pays to be wise when securing this insurance. Check out the benefits of acquiring this insurance below! This type of protection will also pay you a lump sum to cover your mortgage in the event of death of your co-borrower.
It protects your family. If your mortgage payment makes up a sizeable part of your budget each month, it is wise to consider how your family might cover the cost if you or our spouse where to become deceased, critically ill, or disabled. With a mortgage protection policy, you can put your worries at rest knowing that if tragedy strikes you will be protected.
It is coverage you can use. Life insurance is there for your family to use – not you. Most mortgage protection insurance policies offer coverage that works if you become disabled or are unable to work.
Don’t wait until it’s too late to secure this reliable coverage. For the answers to all your questions and an in-depth personal consultation, speak with the professionals at National Life Insurance Solution today!