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Mortgage Protection Insureance

What is Mortgage Protection Insurance?

Mortgage protection is a type of insurance that helps to pay off a borrower's mortgage in the event of their death or disability. It is typically a type of term life insurance that is specifically designed to cover a borrower's mortgage and can provide financial protection for their loved ones in the event of their death or disability.

It is not uncommon for individuals to experience financial difficulties after the death of a spouse, particularly if the deceased spouse was the primary breadwinner or handled the household finances. The loss of a spouse's income can make it difficult to afford monthly expenses, including the mortgage payment, and can potentially lead to the loss of the family home

What would happen to our home if we lost an income?

Let us help you protect your most significant asset. Contact us today, and we'll guide you through the process of finding the right mortgage protection insurance policy that provides the coverage you need to protect yourself and your loved ones. With the right coverage, you'll have peace of mind knowing that your family and home are protected, even in the face of unexpected events.

Many households depend on two or more earners to meet their financial needs and goals. According to data from the United States Census Bureau, in 2019, about 63% of married-couple households and 47% of households maintained by a single parent were supported by two or more earners.

It is not uncommon for households to depend on two incomes in order to meet their financial needs and goals. According to data from the United States Census Bureau, in 2019, approximately 63% of married-couple households and 47% of households maintained by a single parent were supported by two or more earners.

In 2021, the average mortgage balance was $220,380, while the average price of a home in 2022 was $348,079. It's essential to protect your home from financial hardships, which is why obtaining mortgage protection insurance is vital.
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