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.
See how Our Plan stacks up…
| 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 |
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