by The Admiral » Fri Feb 29, 2008 06:04 pm
Admiral Insurance Brokerage
5507 AVENUE N • BROOKLYN, NY • 11234
PHONE: 718-241-8500 * FAX:718-241-8520
As a property owner you may have wondered how your family would pay the mortgage in the event that something happened to you? Mortgage Protection Insurance is your solution.
Why do I need Mortgage Protection Insurance?
For most people their single largest asset is their home, an asset that takes almost a lifetime to build. Paying off the mortgage on one's home is a considerable financial responsibility; one that most likely depends upon a steady income, without which, the payments may not only become difficult to make but under certain unforeseen circumstances can even be impossible to meet.
A mortgage protection policy can protect your family from the financial obligations of making mortgage payments without your salary. In the unfortunate event of your death, your family will still be accountable for mortgage payments, which may be unaffordable without your contribution. The death benefit of your life insurance policy should include the amount of your mortgage. In the event of your death, the policy's proceeds will cover the entire cost of your mortgage, your house will be paid off, and your family be relieved of the worry.
How does a Mortgage Protection Insurance policy help?
Having a Mortgage Protection Insurance Policy offers options to your family in case of the mortgagor's sudden death. By paying off all or a portion of your mortgage, it buys your family time to make reasonable decisions, rather that being forced to take decisions under pressure. Adequate coverage enables your loved ones to continue living in your home. By paying off the remaining mortgage balance, this insurance helps ensure that your home will remain with your family for as long as they choose to live there. Or they can sell it. But they can do so at their leisure, not as the result of financial pressure caused by an inability to pay the mortgage.
How much does Mortgage Protection Insurance cost?
We can design a policy that fits your needs and your budget! Policies can be designed with 15,20, and 30-year terms. Annual premiums will depend on the length of you mortgage, outstanding balance, and you overall health condition.
How do I find out more information about Mortgage Protection Insurance?
Just give us a call. We will be more than happy to give a quote and answer any question you have.
Sincerely Yours.
Charles Maniglia
Director of Marketing
5507 AVENUE N • BROOKLYN, NY • 11234
PHONE: 718-241-8500 * FAX:718-241-8520
As a property owner you may have wondered how your family would pay the mortgage in the event that something happened to you? Mortgage Protection Insurance is your solution.
Why do I need Mortgage Protection Insurance?
For most people their single largest asset is their home, an asset that takes almost a lifetime to build. Paying off the mortgage on one's home is a considerable financial responsibility; one that most likely depends upon a steady income, without which, the payments may not only become difficult to make but under certain unforeseen circumstances can even be impossible to meet.
A mortgage protection policy can protect your family from the financial obligations of making mortgage payments without your salary. In the unfortunate event of your death, your family will still be accountable for mortgage payments, which may be unaffordable without your contribution. The death benefit of your life insurance policy should include the amount of your mortgage. In the event of your death, the policy's proceeds will cover the entire cost of your mortgage, your house will be paid off, and your family be relieved of the worry.
How does a Mortgage Protection Insurance policy help?
Having a Mortgage Protection Insurance Policy offers options to your family in case of the mortgagor's sudden death. By paying off all or a portion of your mortgage, it buys your family time to make reasonable decisions, rather that being forced to take decisions under pressure. Adequate coverage enables your loved ones to continue living in your home. By paying off the remaining mortgage balance, this insurance helps ensure that your home will remain with your family for as long as they choose to live there. Or they can sell it. But they can do so at their leisure, not as the result of financial pressure caused by an inability to pay the mortgage.
How much does Mortgage Protection Insurance cost?
We can design a policy that fits your needs and your budget! Policies can be designed with 15,20, and 30-year terms. Annual premiums will depend on the length of you mortgage, outstanding balance, and you overall health condition.
How do I find out more information about Mortgage Protection Insurance?
Just give us a call. We will be more than happy to give a quote and answer any question you have.
Sincerely Yours.
Charles Maniglia
Director of Marketing
Posted: Sat Mar 01, 2008 02:42 am Post Subject:
What is so different than the insurance policy you pay for at the bank. Mine covers life, unemployment disability and so much more.. I swear once I consolidated my loans into a home equity my mailbox has been littered with these kinds of advertisements. So is there a difference or just an extra bill to pay.
Posted: Tue Mar 04, 2008 02:38 pm Post Subject: Mortgage Protection
In a nutshell its a Term Life Insurance policy that you take out for the Loan balance on a home at the present time and the amount of years you may have left on that specific loan. It works the same as a regular Life policy a medical must be taken to receive a proper rating, however the premiums are far less then that of a Whole Life or Universal Life policy.
Posted: Tue Mar 04, 2008 08:57 pm Post Subject:
So I think i am already protected. I read through ours and it covers everything from death to disability to unemplolyment. With the cost of living steadily increasing I don't want to add more bills to the m onthly budget. Thanks for taking the time to explain this to me.
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