Mortgage Protection
Mortgage Protection
Is Mortgage Protection Insurance for You?
​​​​Do you ever worry that if you were to die that
your family would lose their home? If so, let us
help protect your family with a custom mortgage
protection policy for you. Secured First Financial
is an independent agency. We act like a broker
and represent hundreds of top rated insurance
companies. We offer Mortgage Protection
Insurance in Texas, Arizona, Georgia, and Utah.
Our solutions for mortgage protection may provide the following benefits:
-
Pays off your home in the event of your death directly to your family
-
Pays funds, directly to you, in the event of a qualifying Terminal, Chronic or Critical illness(1)
-
Pays monthly income, directly to you, in the event of Disability
-
Pays a Refund of a portion or all premiums at the end of your mortgage.
There are a few different ​ types of mortgage insurances to choose from:
-
Term mortgage protection insurance
-
Refundable mortgage protection insurance
-
Mortgage payment protection insurance
Term Mortgage Protection Insurance
This is usually the lowest cost mortgage protection insurance. This insurance last for a period of time, usually the length of your mortgage. Coverage terms can range from 10 years to 30 years. Some of these policies offer additional benefits where you can use the money while you're alive for a terminal, chronic, critical illness, or disability for an injury due to an accident.
Refundable Mortgage Protection Insurance
This type of mortgage protection insurance provides a portion or all of your money back (premiums) at the end of your mortgage loan. In some cases there may be enough cash in the policy to pay off your mortgage earlier and save years of mortgage payments. Some of these policies offer additional benefits where you can use the money while you're alive for a terminal, chronic, critical illness, or disability for an injury due to an accident.
Mortgage Payment Protection Insurance
This type of mortgage protection insurance provides mortgage payments. This coverage is more tailored to individuals age 60 and older, but can be purchased if younger as well. This would provide your spouse/partner and or beneficiaries some option money to figure out what they want to do. In most cases it can provide 6, 12, and 24 of mortgage payments. If your beneficiary decided to sell your home, they can take their time and get the maximum price for your home. They may also decide to rent your home out or get a roommate. This coverage would give them some options and time to figure out what would be best for them. Some of these policies offer additional benefits where you can use the money while you're alive for a terminal and chronic illness.
To get a mortgage protection insurance quote and see what you qualify for, please click the Get A Quote button below and fill in your information. We will contact you with in 24 to 72 hours.
Disclosuresl
1. Living benefits are provided by no-additional premium accelerated benefit riders. Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you. Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy.
2. The use of cash value life insurance to provide a tax-free resource for retirement assumes that there is first a need for the death benefit protection. The ability of a life insurance contract to accumulate sufficient cash value to help meet accumulation goals will be dependent upon the amount of extra premium paid into the policy, and the performance of the policy, and is not guaranteed. Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy's cash value in early years.
3. Assuming no withdrawals during the withdrawal charge period. Rider charges continue to be deducted regardless of whether interest is credited. Unlike traditional fixed annuities, the policy owner of a fixed indexed annuity may receive zero interest for a single period on a specific premium payment if the index performs poorly. However, with most designs, the premiums are protected and guaranteed to grow over time, and the owner of a fixed indexed annuity may experience better interest crediting than a traditional fixed annuity during periods when the market performs well. Indexed annuities do not directly participate in any stock or equity investments. An investment cannot be made directly into an index. Most FIAs permit owners to participate in only a stated percentage of an increase in an index, and also impose a “cap rate” that represents the maximum annual account value percentage increase allowed to contract owners. Annuities have surrender charges that are assessed during the early years of the contract if the contract owner surrenders the annuity. In addition, withdrawals prior to age 59 ½ may be subject to a 10% Federal Tax Penalty. The guarantees of annuity contracts are contingent on the claims-paying ability of the issuing insurance company.
Back to Top
mortgage protection insurance waco texas, mortgage protection insurance waco tx, mortgage protection insurance cedar city utah, mortgage protection insurance ut, mortgage protection insurance san angelo texas, mortgage protection insurance san angelo tx, mortgage protection insurance lithonia georgia, mortgage protection insurance lithonia ga, mortgage protection insurance casa grande arizona, mortgage protection insurance casa grande az, mortgage protection insurance midland tx, mortgage protection insurance midland texas, mortgage protection insurance burnet texas, mortgage protection insurance burnet tx, mortgage protection insurance windermere florida, mortgage protection insurance windermere fl
.