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Mortgage Insurance
With such a major financial commitment as the purchase of your home, protecting your mortgage makes a lot of sense. Here's how it works:
- In the event of your death, most policies will pay your outstanding mortgage balance, up to $500,000.
- If you become disabled, most policies will cover your monthly mortgage payment, up to $3,000 per month.
- You only pay for the coverage you need, and premium rates do not increase due to your age during the life of your mortgage as long as your balance does not increase.
- Premiums are conveniently included with your regular mortgage payment.
It's a small price to pay for a lot of protection.
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