Insurance for Mortgage Protection and More
If you’re like most families, your home is your largest asset – and your largest financial responsibility, so it makes sense to help protect that asset. Paying your mortgage is a valuable option with life insurance, allowing your family to stay in your home after you’re gone.
What is Mortgage Protection?
Mortgage Protection is insurance that helps cover your mortgage payments in case of unforeseen events like death, critical illness, or unemployment. It ensures your home remains secure and payments continue even if your financial situation changes.
It's About Keeping Your Home
Legacy Life Group’s Mortgage Protection insurance is designed to keep your home secure during difficult times. It ensures that mortgage payments are covered in case of unexpected events like death or illness, allowing you and your family to stay in your home without the stress of financial strain. Protect your investment and gain peace of mind knowing your home is safe, no matter what life throws your way.
Mortgage Rules Need to Know
Key mortgage rules include maintaining a good credit score and understanding down payment requirements, which typically range from 3% to 20% of the home price. It’s also important to be aware of your debt-to-income ratio and potential closing costs, which can add 2% to 5% to your total expenses.
How to Finance Building Your Dream Home
To finance your dream home build, consider options like a construction loan, which provides funds for the construction phase, converting to a traditional mortgage once the home is complete. Additionally, explore personal loans or savings for down payments, and be sure to budget for costs like permits, materials, and contractor fees to ensure a smooth process.
Our Agents/ Producers
Your local agent/producer is a life insurance professional and is ready to listen to your needs and help you find the right solution for you.
Our agents/producers:
- Are trained to listen and have a good understanding of your goals before offering a solution
- Have a team of advanced planning specialists to assist with your unique needs
- Offer a large portfolio of products to meet your needs at every stage in life
Policies are meant to be flexible, so your local agent/producer can help you tailor them to your specific situation. If you have questions about life insurance, want to learn more about the policy details or just want to discuss your options, we’re here to help.
Options Available
Mortgage Protection insurance provides peace of mind by ensuring your home remains secure even in unforeseen circumstances. It helps cover mortgage payments during critical times, reducing financial stress for your family.
Coverage amounts starting at $100,000 to over $1,000,000
Waiver of premium options if you become disabled*
Affordable premiums from a company you know and trust
Simplified issue policies for those under 70 years of age that would like coverage quickly and easily, with no health exams