Your home is one of the most important material positions you have. Often it is also one of the largest investments you make in life. You want to protect your family, in the event you pass away, and insure they are able to remain in the home. This is where mortgage protection comes in.
Mortgage Protection Insurance Explained:
Mortgage protection can be a very affordable choice. This particular type of insurance is utilized to either pay off the mortgage, or buy valuable time in the home for your loved ones, in the event of your death. The payout is also tax-free.
There are several different policy types one can choose for mortgage protection:
Term Life Insurance
Universal Life Insurance
Whole Life Insurance
Premiums are structured to be paid on either a monthly, quarterly, semi-annual, or annual basis.
There are also different riders available such as:
Return of Premium
Waiver of Premium
We Can Help:
Palmetto United offers mortgage protection life insurance, offered by the top life insurance companies, which allows our clients to benefit both on price point and utilization of reputable carriers. Some of the carriers we represent are Transamerica Premier Life Insurance Company (formally Monumental Life), Foresters, Prudential, American Amicable Life Insurance Company, AIG, Americo, and Gerber. To obtain information, or to receive a life insurance quote, contact Randy Wolfe today.