Could your family keep the house?
Life insurance sized to your loan, paid to your family. Danyal compares 6 carriers to find the fit.
Let Danyal do the shopping.
Answer a few questions. Danyal comes back with real options from the carriers he works with.
- Goes to Danyal directly
- Never sold to other agents
- Free, no obligation
PMI protects the bank. This protects your family.
PMI
Often required with less than 20% down.
- Who it protects
- Your lender
- Who gets paid
- Your lender
- What your family gets
- Nothing
Mortgage protection
Life insurance you own, sized to your loan.
- Who it protects
- Your family
- Who gets paid
- The people you name
- What your family gets
- A lump sum to pay off the house or keep up the payments
Questions
What is mortgage protection?
Life insurance, usually term, sized to your mortgage. If you pass away during the term, it pays a lump sum to the people you name. They decide how to use it: pay off the house, keep up the payments, or cover other bills.
Is this the same as the PMI on my loan?
No. PMI protects your lender and pays your family nothing. Mortgage protection is a policy you own that pays the people you choose.
Why am I getting letters about this?
Mortgages are public record, so new homeowners get a lot of this mail. It comes from insurance agencies, not your bank or the government. Coverage is never required to keep your loan.
Do I need a medical exam?
Often not. Many carriers decide from a phone interview and health questions. Danyal will tell you which options need an exam before you apply.
What are living benefits?
Riders that let you use part of your benefit early after a qualifying critical, chronic or terminal illness. Rules differ by carrier.
What does it cost?
It depends on your age, health, tobacco use, coverage amount, term and riders. Different carriers can price the same person very differently, which is why Danyal compares. Comparing is free.