Mortgage Insurance
Kerry Adams
April 7, 2022

Mortgage Insurance

It should protect you and your loved ones, not your lender!

As consumers, we shop around for everything. When we shop, we look for the best prices, the best options, the greatest convenience and the highest quality. Have you ever shopped around for your Mortgage Insurance? Your mortgage may already be insured by your lender and this may not be the ideal solution for you and your family. Take the time to consider the type of mortgage insurance that best meets your family’s needs.

Look at the many benefits of mortgage insurance through an insurance company not offered by your mortgage lender.

  • Coverage cannot be cancelled by anyone but you.
  • Coverage amount is based on ALL your needs, not just the mortgage.
  • Coverage amount does not decrease over time.
  • Benefit amount is paid to your beneficiary instead of the lender. Your beneficiary controls how benefits will be used based on their needs at the time.
  • Your insurance stays with you even if you change mortgage lenders.
  • Coverage is unaffected by change in health.
  • Premiums are guaranteed and the premium is based on underwriting, so if you are healthy and/or a non-smoker, you may qualify for reduced premium rates.

Covering your mortgage through a traditional life insurance policy can give you and your loved ones simplicity, more benefits and greater flexibility over group mortgage insurance offered by most lenders. Are your family’s needs protected in case of premature death? All it takes is one phone call to find out!  Give us a call or send us an e-mail for more information and we’ll show you how.

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The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your circumstances. This article was written by Kerry Adams, for the benefit of Kerry Adams, Mutual Fund Representative with the Adams Financial Group, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities. Mutual Funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.