Your home is likely your most significant financial asset, and your mortgage payment is probably your largest monthly expense. Mortgage protection insurance is a type of life insurance specifically designed to pay off your mortgage balance if you were to pass away, ensuring that your family can remain in their home without the burden of a large monthly payment they may no longer be able to afford.
Most mortgage protection policies are term life policies structured to match the length of your mortgage, with coverage that decreases as your mortgage balance decreases. Some policies are structured as level term policies, giving your family flexibility to use the death benefit for any purpose — not just paying off the mortgage. Some policies also include riders for disability or critical illness, providing protection if you are unable to work.
At Insure USA, Inc. in Orlando, Florida, our agents can help you choose the right type and amount of coverage to protect your home and your family’s financial security. Contact us today for a free, no-obligation mortgage protection quote.