Mortgage Protection Insurance – To Buy or Not to Buy?

Buying life insurance with mortgage protection

Mortgage Protection Insurance is a policy that has been built to pay off that mortgage and there are a lot of companies out there that specialize in this. Our top recommendation is to do it through a life insurance agent that has access to many highly-rated companies.

That’s how you get your price down as low as possible. Make sure that it’s someone that’s been in the business long enough and know what they’re talking about. A good agent will get you the highest health rating possible. It can drop your price by 70 percent by getting a high health rating. Unfortunately, there are agents out there whose pricing policy is based on getting paid better so you want to partner with someone that has done this long enough and has a high rating.

Partner yourself with an agent that’s trustworthy. It all starts with a good agent. You want an A-rated life insurance company that specializes in doing mortgage protection policies.  You want an agent that will provide well-priced term policy that will give you the highest health rating possible. and that’s what you’re looking for.

Mortgage insurance protects Lenders/Investors by insuring the top 20% of the loan in the event of default. This makes Lenders/Investors more comfortable when issuing loans to people since the risk is lowered. That in turn enables more people to achieve the American Dream of homeownership and sets America apart form the rest of the world.

Mortgage Protection Insurance is the most powerful tool homeowners have. Mortgage Protection is a type of whole life insurance that is issued to pay for your mortgage payments in the event something happens to you.

Use the money to:

1.) Pay your mortgage payments

2.) Pay your medical bills

3.) Give your spouse the financial buffer to list the home for sale or rent it if you are gone.

4.) Tax-Free Cash to use as you like in the event you are diagnosed with a Terminal, Critical, or Chronic Illness.

If you are located in the Cottonwood, Sedona, Flagstaff or Prescott area and are looking for more information on affordable Life Insurance please don’t hesitate to contact us. Use the links below or call us directly at: (928) 323-0933.