Mortgage Protection is a decreasing life cover. This type of cover is usually used to protect a mortgage or loan. For most homeowners, the mortgage is the single largest source of personal debt. Mortgage Protection insurance is a specialized life insurance policy designed to pay off that debt in the event of your death.
This mortgage protection pays out on both deaths.
This plan would usually pay out on the first death
Pays you a sum if you are diagnosed with one of the specific illnesses
Mortgage Protection Insurance is a simple and affordable way to safeguard your family against the financial burden of an outstanding mortgage in the event of your death. This is achieved by helping to pay off the remaining balance up to a specified amount. With the right coverage, your family can continue to live in the house they have come to call home.
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Talk with an insurance specialist at Smart Financial to see if Mortgage Protection Insurance is right for you and to discuss other Life Insurance options to give your family the peace of mind they deserve.
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