Mortgage Protection Insurance

We offer affordable insurance options that provide vital financial

security for your home and family in the event of an unfortunate tragedy.

What is Mortgage Protection Insurance?

Safeguarding your home as a homeowner is paramount, and we understand the importance of providing you with affordable and comprehensive coverage options.

Mortgage protection insurance is a form of term life insurance specifically designed to alleviate the financial burden of your mortgage in the event of your passing.

Similar to a typical term life policy, you acquire coverage for a specific duration, make regular monthly payments, and if you were to pass away during the policy's active period, your designated beneficiary receives funds to settle the outstanding mortgage balance.

This type of coverage provides reassurance that your family can continue residing in their home even if you are unable to contribute to mortgage payments.

Mortgage protection insurance is right for you if you want to:

  • Protect your most valuable asset

  • Ensure your loved ones never have to deal with the fear of losing their home

  • Provide financial security if the unthinkable happens

63% of families with children

are dependent on two incomes.

Why Do I Need Mortgage Protection Insurance?

For homeowners, ensuring timely mortgage payments is of utmost importance. However, it's essential to consider the potential repercussions if unforeseen circumstances were to arise, such as premature death, disability, or critical illness leading to an abrupt loss of income.

While the future remains uncertain, you can proactively attain peace of mind through the safeguard of mortgage protection insurance. This invaluable coverage provides a sense of security, offering financial support to your loved ones in the face of unexpected events.

Advantages of Mortgage Protection Insurance

  • Provides a death benefit to pay off your mortgage in the event of your death

  • Pays your mortgage payments if you become disabled

  • Protects your mortgage payments in the event of critical illness

  • Provides benefits from a life insurance policy with generally affordable premiums

  • Achieves peace of mind for your home and family

We can shop over 30 top-rated insurance carriers to help you find the plan that’s right for you.

How Mortgage Protection Works

Mortgage protection insurance functions much like other life insurance policies: You pay premiums to the insurance company to purchase a specific amount of mortgage protection coverage. Those premiums are based on your attained age and your health, as well as the value of your home and the payoff amount. If you die while the policy is in force, the insurance company provides funds to pay off your mortgage.

Frequently Asked Questions

What is the difference between mortgage protection insurance and homeowners insurance?

Mortgage Protection Insurance:

  • Makes your premiums in case of job loss*

  • Money goes to your family

  • Pays your mortgage if you become sick or injured

  • Money your family receives is tax free

  • Is portable – new home? It travels with you

*Available in most states. Limitations may apply. Benefits and carriers will vary for coverages and are subject to underwriting approval, product limitations and availability.

Homeowners Insurance Covers:

  • Damage to your home in severe weather and water conditions

  • Theft of your belongings

  • Vandalism of your house and property

  • Fire damage to your home

  • Personal injury lawsuits if someone gets hurt on your property

Do I qualify for mortgage protection insurance?

In the majority of cases, yes, mortgage protection insurance has a remarkably high acceptance rate. This is primarily due to the availability of plans with simplified underwriting, which eliminates the need for a medical exam in order to qualify.

When should I buy mortgage protection insurance?

If you currently have a mortgage on your home or are in the process of securing one, it is advisable to give serious consideration to acquiring mortgage protection insurance.

Can I afford mortgage protection insurance?

Mortgage protection insurance is recognized as one of the most cost-effective insurance options available. It frequently proves to be a more affordable alternative than purchasing a separate whole life policy solely to cover mortgage payment obligations in the unfortunate event of your passing.

We Work With Companies You Can Trust

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7216 N Alpine Rd

Loves Park, Illinois 61111



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Sat - Sun: Closed

After Hours & Weekends

Available by Appointment

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