Mortgage protection insurance is a type of term life insurance that is designed to pay off your mortgage in the event of your death. When you pass away your chosen beneficiary receives funds to pay off your mortgage and any other expenses. This coverage ensures that your family can stay in their home if you were no longer able to contribute to mortgage payments.
Life insurance provides financial protection for your family in the event of your passing. Your beneficiaries will receive money to use as they see fit, ensuring security in a difficult time.
3 Types:
Term Life
Whole Life
Index Universal Life
An annuity is a contract between you and an insurance company in which the company promises to make periodic payments to you, starting immediately or at some future time. You buy an annuity either with a single payment or a series of payments called premiums. Some annuity contracts provide a way to save for retirement.
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