Mortgage Protection

Your house may be the largest purchase you’ve ever made. You committed to repay the hundreds of thousands of dollars you borrowed to make it into your home. This is where you create memories and celebrate milestones. Income loss due to unexpected illness, injury or death can often send families into a tailspin toward financial disaster. Without proper planning and protection in place, bankruptcy and foreclosure could become a reality. With the benefits of mortgage protection, you can ensure that you and your loved ones will always have a place to call home.

	Our Plan	Traditional Plan
Flexibility	Structure your plan to meet your needs	The mortgage determines the structure
Choice	You choose your beneficiary	The mortgage holder is the beneficiary
Security	The death benefit goes to your family, they choose how to use it	The death benefit automatically goes to the mortgage holder
Protection	The death benefit does not decrease	The death benefit generally decreases with the outstanding mortgage debt
Portability	You can take your plan with you when you sell your home or refinance	A traditional mortgage plan is generally tied to a specific mortgage
Cash Value	If you choose a universal life policy, your plan can build cash value for the future	Traditional mortgage plans do not build any future value
Living Benefits	Riders can provide access to your death benefit in the event of a terminal, chronic or critical illness	NO Living Benefits
Optional Riders	Optional riders can provide benefits in case of disability or unemployment	No disability or unemployment benefits