Mortgage protection can provide a valuable layer of financial protection for homeowners
Mortgage protection is a type of insurance that helps to ensure that your mortgage payments are covered in the event that you are unable to make them yourself.
A mortgage protection policy by Insurance Pro helps protect your home, family and income by offering you the financial security and peace of mind in case one of these life threatening events occur, through life insurance with living benefits.
Reasons why mortgage protection may be a good idea:
- Protection for your home
- Peace of mind
- Continued financial stability
The qualifying events for mortgage protection insurance vary depending on the specific policy, but typically include:
- Critical illness
It’s important to review the specific terms and conditions of a mortgage protection policy to understand what events are covered and what is excluded. It’s also important to note that pre-existing medical conditions may impact eligibility for coverage, and there may be waiting periods before coverage takes effect.Read also: Frequently Asked Questions on Life Insurance.