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What is Mortgage Protection
What is Mortgage Protection
MPI
Mortgage protection insurance is also called mortgage life insurance and mortgage protection life insurance this is a policy that pays off the balance of your mortgage when you die. The difference with our products is that we match you with the right insurer to provide you with the most rates. When you choose us we don't just become your sales Agent you become a part of our Fiduciary family, we can help you navigate for life's hardest questions with honesty.
"Flex"
We choose this word to identify with having a word with the original meaning but bring in it to new term. "Slang". to boast or brag; show off: In his rap lyrics he flexes about his fancy lifestyle.
Advantages
Advantages
PROS + :
Convenience. Mortgage protection insurance aligns with your loan balance and pays the lender directly. With "flex" you get a better product that is customizable and cost less per month.
No medical exam. Policies are typically guaranteed, so you’re not required to take a life insurance medical exam to qualify for coverage.
Disadvatages
Disadvatages
CONS - :
Lack of flexibility. MPI pays the lender, so your family won’t have the freedom to spend the money as they like.
Declining payout. While premiums stay the same, the payout decreases as you pay down your mortgage.
Higher premiums. Premiums for MPI are often much higher than term life insurance.
*With "flex" we try to eliminate the Cons to have the product work for you.
The Difference
The Difference
Mortgage protection insurance
Our advantage "flex"
May make sense for those who are young and just starting or who have budget limitations, large protection needs or temporary need.
OFFERS:
1. Guaranteed death benefit for a fixed period *Our policy's you may have the option to convert your policy to permanent coverage before the term ends.
2. Fixed premium.
3. No cash value. * Our policies offer Living benefits.
4. Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.
5. Initial premiums tend to be lower but will eventually increase if you decide to extend beyond the term period.
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