Mortgage Protection

Mortgage Protection

Is a life insurance policy placed on the life of the mortgage holder/holders that is designated through directives to beneficiary to pay off or provide funds for payments of the mortgage in the event the holder/holders die. There are also riders that can be added that will also pay certain amounts in the event off disability, critical and chronic illness. This is typically done with term insurance if the clients health permits but can be accomplished with other types of life insurance.

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