Home Loan Insurance with Living Benefits, makes ideal home mortgage protection, as well as family income protection, because it provides include no cost, "living benefit riders", that may allow access to the policy death benefits in the event of a critical illness, chronic illness, or a terminal illness.
Purchasing Living Benefit Term Life Insurance in an amount adequate to cover your mortgage balance, and any additional funds you may wish to set aside for an emergency fund, college fund,
daily living expenses, funeral, burial and final expenses, etc., is an affordable way to,
"Leave A Deed . . . Not A Debt."
Please make Certain Your family will NOT lose their home in foreclosure, just because they were left unprotected from the financial burden that often follows when a primary family income provider dies, or even survives a critical illness, such as a Heart Attack, Stroke, or Cancer.
Don't mistake (PMI) Private Mortgage Insurance with (HLI) Home Loan Insurance. (PMI) Mortgage insurance protects your lender and is required by your lender, if your mortgage balance is 80% or greater than the appraised value. It does not protect against foreclosure, but merely insures your lender will get their money if you fail to pay as agreed and they have to foreclose. Simply put, (PMI) mortgage insurance protects your mortgage company. (HLI) mortgage insurance protects your family.
Without adequate protection from the loss of income and the added expense of medical care, nursing care and home health care, your family may never fully recover financially, or emotionally, even if you recover physically.
Stroke: Every 40 seconds someone in the U.S. has a stroke.
In the U.S. Stroke is the third leading cause of death,
but it is a leading cause of long-term disability.
Cancer: Every 30 seconds a New Cancer is diagnosed.
More than half of Americans diagnosed with cancer
will survive for at least 5 years.
Heart Attack: Every 44 seconds someone suffers a heart attack.
Three-quarters of all male, first-time heart attack victims
aged 35-54 survive at least 5 years.
Insurability: On a statistically average day, 6,000 people die and 19,000
become uninsurable due to a medically diagnosed serious health condition.
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