What is Mortgage Payoff Insurance?
It's an Insurance Policy that allows your family to stay in your family's home not if, but when you die. If you're like most, you want your family to stay in the family home and have the kids remain in their current school district.
Depending on your current situation, policies are available to cover up to a 30 year mortgage. Only have 10 years left on your mortgage, then a 10 year term policy would fit.
If you have a 30 year mortgage and purchase a 30 year policy, at some point the balance of the home will decrease, however the Insurance Coverage will stay at the original term coverage. So for example if your mortgage balance is much lower than it was when you first purchased the Insurance Policy, your spouse can use the proceeds for paying off student debt, credit cards, medical expenses or any other needs.
Current terms available are 10,15,20 and 30 year coverages.
Having coverage in place ahead of time, allows peace of mind for you and your family and just makes sense.
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Toll Free: (855) 602-7370
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Murrieta, CA 92562
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