Food, water and shelter. These are 3 of our most basic and essential needs… yet very few of us have ensured that the last on that list, our home, would still be there for our family if something were to happen to us. As of 2014, 68% of those who own homes have not paid off their mortgages… so let’s imagine the worst for a minute. If something were to happen to you, would your family be in a position to continue paying monthly mortgage payments? If not, where would they live?

If you don’t like the answers to the questions above, there is an option to consider: Mortgage Protection Insurance. In a sentence, this coverage is often set up so that the benefit amount & premium amount decrease alongside your mortgage balance. You may be thinking, “ANOTHER line of coverage I need?” Well, the upside is that in some ways, Mortage Protection Insurance is setup in the same way that a Life policy is. If you already hold a Term, Whole or Universal Life Insurance policy, in many cases you can simply increase your benefit amount to take your mortgage balance into account. If you’d like to find out if this benefit increase is possible with your current policy, get started with a policy review here. If you’d like to discuss a Mortgage Insurance Policy, give us a call at (805) 210-8058 or contact us here.

And the next time you pull up to your home, think about everything that it provides you and your family every day.


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