Your home is your castle. It’s your most prized possession and biggest investment. You’ve spent a lifetime working hard to build a beautiful, safe, and comfortable living space for your family, and you want to make sure they continue to inhabit and enjoy that space for years to come.
What would happen to your home if you weren’t able to make the mortgage payments? What would that mean to your family’s future?
With a mortgage protection life insurance policy from TopLine Life Insurance, answering those questions are a whole lot easier. Read on to learn more about how you can plan a more secure future for the people you love and don’t hesitate to contact our team to discuss your mortgage life insurance options.
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The policy is designed to protect a family from the obligation of paying mortgage payments if one or both incomes are lost due to death. The beneficiary is usually the lender which means the benefit bypasses the family to pay off the mortgage balance.
The policy is only to cover the balance of your mortgage and leaves your family with no benefit when you pass away. If you can qualify medically, it makes more sense to buy a term policy that will cover your mortgage and leave money for your family.
Term insurance generally has a lot of health qualifications that not everyone can meet. People who have multiple health issues should think about Mortgage Protection because there are few to no health questions depending on certain companies.
Private mortgage insurance is required by lenders when buying a house with less than a 20% down payment. PMI protects the lender if homeowners default on the loan, but it won’t help families if you die before the mortgage is paid off.
The policy benefit is tied to the amount you owe on your mortgage. So the insurance benefit will decrease as your mortgage decreases. Another name for mortgage insurance is decreasing term life.
We are a fully transparent agency, there are no secrets or surprises. We allow consumers to see the companies we represent and allow them to quote prices before they contact us. We want them to know which company offers the lowest prices as opposed to us telling them. Once a program is selected by the consumer or suggested by TopLine, our clients are amazed at the speed in which they are approved for coverage. We have a family mentality that is productive and fun. Our office has almost no turnover, which means you get to know us very well. We are an insurance family, and we treat our clients as an extension of our family, without them, there is no TopLine Insurance.
At TopLine, we partner with some of the most reputable life insurance companies in the country. We can help you compare quotes and find the best deal.
Our life insurance brokers are experienced and passionate about finding the best policies for our clients. If you are unsure about your options or have any questions, they are happy to help.
Don’t worry about medical exams or your financial situation. With TopLine, you can get approved for a life insurance policy instantly.
They said the application process would be fast. I was thinking I would be approved in a few weeks but somehow, they made sure we got approved the same day. Tracy made the approval process simple and walked me through everything.- Tanya F.