If you purchase a new home, or are refinancing a home, you probably have received a lot of solicitations for mortgage protection insurance. Mortgage insurance is usually set up by purchasing a life insurance policy with a death benefit that is equal to the amount of your mortgage.
Having enough life insurance in place to cover a mortgage can provide you peace of mind. If you purchase a mortgage insurance policy that offers return of premiums, the cash you receive can be used for funding a child’s education, retirement planning, reducing the amount you owe on your mortgage, or anything you choose.
The purchase of a new home is also a good time to review your existing life insurance coverage. Use our life insurance calculator to find the right amount of insurance for you.
Still have questions about mortgage insurance or want to put a policy in place? Book an appointment and we can help meet your needs: