Mortgage Protection Insurance
Get your Mortgage paid off from an unexpected death.
QUOTE By Text Message
What is Mortgage Insurance? A type of life insurance designed to pay off your remaining mortgage if you die. If you are a homeowner, mortgage protection insurance (MPI) can help your family cover your mortgage under certain circumstances, like an unexpected death or a serious illness. Your family can avoid foreclosure. If you were to die, the mortgage would be left unpaid, and your family could struggle financially. Mortgage protection insurance is a type of life insurance policy that is designed to pay off the mortgage loan or pay off mortgage monthly payments.
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Our lightning-fast quotes by text message and application process eliminates the need for medical exams by asking a few health questions to determine eligibility. That means no needles and no wait times.
Mortgage Protection Insurance for Homeowners
Protection for the early years of home ownership.
Get a customized short or midterm protection insurance plan so that you can afford maximum protection when your mortgage balance is highest. Living Benefits such as Terminal, Critical, Chronic Illness, Nursing Home Care, Disability, and Return of Premiums are/ or can be included.
Long-term solutions for your mortgage.
81% of adults agree that buying a home is the best long-term Investment In the U.S. That's why we made sure our mortgage protection solutions have layered options of long-term protection, especially for seniors. Mortgage Payment Protection could take care of the high mortgage payments.
Complete mortgage protection and more.
Our mortgage protection solutions provide peace of mind and flexibility to customize your own policy. You can add riders, adjust your coverage, and take your policy with you if you move. Explore our full suite of life insurance options.
MORTGAGE PROTECTION helpful insights.
Mortgage payments are just the beginning.
Be sure to factor in other expenses such as property taxes, utilities, and maintenance fees.
Protecting your family is a key solution if something was to happen you.
Brokers with America’s top-rated insurance carriers.
What is Mortgage Insurance?
If you are a homeowner, mortgage protection insurance (MPI) can help your family cover your mortgage under certain circumstances, like an unexpected death or a serious illness. Your family can avoid foreclosure. If you were to die, the mortgage would be left unpaid, and your family could struggle financially. Mortgage protection insurance is a type of life insurance policy that is designed to pay off the mortgage loan or pay off mortgage monthly payments.
Who needs it?
If you have a home loan, then it's worth considering getting, especially if you don't have any life insurance, not enough life insurance, or if you're only counting on your employer's group insurance to pay off everything. Ask yourself this question: If you were to die tomorrow, could your family pay off your mortgage and still have plenty of funds left over to survive? If answered "no". Then you should look into mortgage protection. It could protect loved ones from financial hardship.
What does it cover?
If the borrower dies, the policy prevents beneficiaries from having to come up with money to pay off the mortgage or mortgage payments. Mortgage payments might be covered if you lose your job because of an injury or illness. For more serious illnesses like terminal, chronic or critical illness, the full amount of funds could be used to pay off the entire loan while you're still alive. If you don't utilize your mortgage protection coverage by the period you pay off the loan, your policy may offer a return.
What doesn't it cover?
Certain types of deaths are not covered like death by under the influence of ilegal drugs, alcohol, war, acts of terrorism, or criminal activity. Death by suicide in the first 2 years of owning the policy is also not covered. If you were laid off from work or lost your job because of self-termination, this policy does not cover "unemployment". However, losing time off work for a short time because of an injury or illness, most policies will cover mortgage payments for certain types of disabilities on or off the job.
What are the benefits?
The best benefit is peace of mind. If something were to happen to you, and you had no life insurance in place or little life insurance, your family would be left with the burden of paying off your mortgage loan as well as other bills. With a mortgage protection plan, they won't have that worry on their minds. They'll know that they will. Most policies also come with living benefits as well. Terminal, Critical, Chronic Illnesses and Nursing Home care allows you to take out the funds early.
Who are the beneficiaries?
Your family. It could be your spouse, domestic partner, children, siblings, parents, or anyone you choose. You do NOT want the mortgage lender to be your beneficiary. You will want the money in your family's hands. People don't realize how important this part is. If your mortgage lender sells your loan to another company, your original lender will collect the funds and the policy is gone. Make sure you get a Mortgage Protection Insurance Expert like us to write your policy.
What are the features?
Your mortgage payments are covered if you are unable to make them because of death, an injury, sickness, or critical illness. Options are flexible. You can pick a policy that protects you from fewer or more dangers according to your preferences. Options include "Return of Premiums", meaning if you are still alive at the end of term you will get 100% cash back of all your premiums that you paid into the policy. Most policies include living benefits so you can use the money if you were chronically ill.
What does it cost?
It depends on the balance of your mortgage and different underwriting factors. As with a traditional life insurance policy, age, and overall risk level are taken into consideration. It's really impossible to give a number without knowing the unknown. The best and easiest way is to fill out this short form here. A licensed insurance broker will send you a quote by text message. If you like the quote you receive, then you can proceed with the application with the broker. No "In home appointment" or medical exam is needed.
We are a national insurance agency serving 50 states, specializing in Mortgage Protection, Life Insurance, Final Expense and other excellent life and health insurance products.
The members of our executive team share a common goal: To make sure you have the best possible experience as we help you protect your family and most valuable assets no matter your specific needs or circumstances. At LIBG, we are committed to a work environment in which all individuals are treated with respect, courtesy, honesty, and good faith.
We have an unparalleled carrier representation, and our team has vested interest in your satisfaction. We will work diligently to answer questions, solve problems, and protect you and your family. When you work with us you can expect the broadest range of options, competitive pricing, and exceptional service.
" We know that every dollar counts in today’s economy, and we take great pride in finding you the best value for your money."
Life Insurance Brokers Group
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National Producer # 17437186
Meet The Executive Team
National Agency Director