Here are 4 simple and easy-to-understand reasons why Living Benefit Term Life Insurance is great for mortgage protection:

1. Financial Security: Living Benefit Term Life Insurance provides a death benefit payout to your beneficiaries if you pass away during the term of the policy. This lump sum payment can be used to pay off the mortgage, ensuring that your loved ones can keep their home.
2. Great coverage: You can choose the coverage amount based on the outstanding balance of your mortgage (10-15-20-30 years), ensuring that your family has enough funds to cover the loan in case of your death.
3. Living Benefits act as income replacement: with our preferred partners’ Living Benefit Term Life Insurance option, it offers amazing FREE OF CHARGE riders, such as critical illness, terminal illness, chronic illness riders,etc!!These riders allow you to access a big portion of the death benefit while you’re still alive if you experience a qualifying medical event, providing financial support for mortgage payments during a difficult time.
4. Affordable Premiums: Term life insurance typically offers lower premiums compared to other types of life insurance, making it a cost-effective option for mortgage protection. It usually starts with $30-40/month depends on the coverage you need, your age, health and other factors.If you are looking into quotes for mortgage protection, let’s talk to our expert!