WhiteSites Blog

Dignified Life Mortgage Protection Insurance

Posted on Nov 29, 2010 by Paul White

Recently I got into a discussion with Dan DeChamps of Dignified Life over the reasons a person might need Mortgage Protection Insurance.  If you have a mortgage and you don't plan on paying it off anytime soon, you might want to seriously give Mortgage Protection some thought.

Imagine how a fatal accident would affect your loved ones. In addition to suffering emotionally, the financial hardship could be devastating. On top of your final expenses, the mortgage is due, but how will your family pay it without your income? This is why having mortgage protection is so important.

What is mortgage protection?

Mortgage protection insurance is a specialized life insurance policy designed to pay off the value of your home in the event of your death. Like most life insurance, mortgage protection insurance eases the financial burden of your loved ones. It is an affordable way of ensuring that your home is paid for no matter what the circumstances. Cancer, stroke, heart attack, injury, death ... your family will never be in jeopardy of losing their home as long as you put a custom mortgage protection insurance plan in place.

Benefits of mortgage protection insurance

  • No medical exam up to 250,000.
  • Get up to twice the normal benefit in the event of accidental death based on the policy chosen.
  • Receive your benefit early to deal with a terminal or critical illness.
  • Insure your spouse, your children and yourself under the same plan for a single policy fee.
  • Disburse the benefit as a lump sum or monthly over the course of several years.
  • Earn interest on your premiums to provide you and your spouse an extra source of income for emergencies.
  • Receive a refund of all your premiums when the policy expires.

It's easy to learn more about how mortgage protection insurance can benefit you and your family. Simply request our service and we will send a mortgage protection specialist who will work with you to develop a plan that fits your budget and coverage needs.

If you have just purchased a new house or refinanced recently there are many life changes which will make you eligible. Significant life events such as a marriage or birth of a child can qualify you for the benefits you need.

The Dignified Life Group

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