1. Why you need Mortgage Protection Insurance

2. Meet Lester He has a great job in the IT field
He makes a good salary ($50K per year)
He loves his art collection and his family

3. Meet Lucy
She has a great job as a professional nurse, and works in a doctors office
She makes an ok salary ($30K per year)
She loves her church activities and her family

4. Lester and Lucy went on a few dates, got married, rented an apartment, and had 2 kids.
This Photo by Unknown Author is licensed under CC BY-SA-NC

5. Lester and Lucy bought a home in a newer community with a great school close by for their kids.

6. 13 years later, Lester gets really sick and needs an expensive surgery but he passes away. He leaves Lucy with 2 kids plus a lot of bills left behind by Lester’s medical issues. She now has to bury him. She also lost an extra income that was coming from Lester.
Lucy now has to survive off a $30K salary with her 2 kids and still pay those bills. She cannot keep up with MTG and bills. She has now lost her house to foreclosure and has to move in with family as she struggles raising her kids.
This Photo by Unknown Author is licensed under CC BY-SA

7. But if Lester and Lucy knew about all the insurance they could have had to protect themselves, this is what could of happened instead.

8. Flashback…
Lester and Lucy protected themselves with Mortgage Protection and Final Expense Insurance before Lester got ill.

9. Present Time… OR Option 1:
Lucy can pay Mortgage payments for 2 years with the money from the policy, giving her time to sell the house thus avoiding foreclosure. This also allows her to keep all the equity built up in their home over the 13 years of payments and be able to downsize to a smaller home which will allow her to have a manageable and smaller MTG payment or own it out right.
Option 1:
Lucy now can either payoff the home and live there forever and raise the kids or downsize with money left over for her family. OR

10. As you can see any of these options would be a better solution vs Foreclosure. Which option would be available to your family if you or your spouse passes away?
Click on the button below and fill out the form to have one of our Agents meet with you privately (no pressure or obligation) to discuss your current situation and your options.