Mortgage protection insurance is extremely important because it protects your family from losing their home in the event of your death. If your mortgage is not paid off, you pass, and your family is unable to make the payments, mortgage protection insurance provides your family with a safety net so that they don't lose their home in addition to losing you. For many people, buying a house is the biggest purchase they ever make. It's important to make sure your family can pay for it.
Benefits of having mortgage protection insurance include your family keeping their home, less financial stress in the event of your passing, and the peace of mind you will have knowing that your family is protected.
Mortgage disability insurance protects you and your family from losing your home in the event of a debilitating injury or illness. Accidents happen, and it's important to make sure that you and your family will have a place to live, should something happen. Mortgage disability insurance also gives you the peace of mind you'd need to recover and get back on your feet – financially and physically - after an injury.
Spouse life Insurance - It's important to know that you could pay your bills in the event of your spouse's death. When you are depending on your spouse's income to pay bills, it's important to know that you would have a way to get by if he or she passed. Spouse life insurance gives you that peace of mind, and allows you to grieve your loss without worrying about financial stress.
Term life insurance prepares your family, financially, for life after you are gone. It ensures that your family will be able to survive financially without your income, and that things like college tuition will still be affordable. Term life insurance provides you with peace of mind, knowing that your family will still have what they need when you are gone.
Final expense insurance ensures that your funeral expenses and outstanding debts will be covered in the event of your death. Funerals are expensive, and having final expense insurance will help ease your family's financial burdens when you are gone. Planning for final expense coverage relieves your family of additional stress and heartache after your passing.
Parent life insurance is extremely important because it protects your baby in the event of your death. Raising a child is very expensive, so it is important to consider how your child would get by or be taken care of if you passed. Parent insurance ensures that your baby will have food, clothes, necessities and money for college tuition. This is a great way to protect your child, in case one day you are no longer around to do so.
Tax-free retirement insurance is important because it allows you to accumulate savings for retirement that you receive as tax-free income during your retirement. Having an index universal life insurance policy allows you to have a "living" benefit, meaning you get monetary benefits while you are alive, as well as after you have passed. The cash value in your policy also earns money through interest at a fixed or increasing rate. A benefit of this retirement savings plan is that your money will never decrease because of market loss. With index universal life insurance, you are able to save money for retirement while ensuring that your family will receive the death benefits of your insurance policy - tax-free - after you pass.
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