Sentences with phrase «issue mortgage protection policy»

If you have significant health issues, then a simplified issue mortgage protection policy up to table 4 is appropriate.

If you have significant health issues, a simplified issue mortgage protection policy up to table 4 is appropriate.

Not exact matches

The insurance for conventional loans is referred to as Private Mortgage Insurance (PMI) an insurance policy issued to provide protection to the lender in the event of financial loss due to a borrower's default.

Among these, from our perspective and experience, we have found the following companies to be «the best of the best» when it comes to issuing mortgage protection insurance policies, and recommend any one of them if they are options presented to you by your insurance agent or mortgage lender.

This means if you can not get term life insurance due to an illness, a guaranteed issue mortgage protection insurance policy could be your best bet.

Many IMOs pay higher percentage amounts for simplified issue, nonmedical mortgage protection, and life insurance policies.

Because Bob's current $ 156,000 mortgage protection policy was issued five years ago, he already had great pricing on this policy.

If you have a good mortgage protection policy in place issued five years ago, your rates will probably be cheaper than what you can get in the insurance market (unless you were sold an overpriced mortgage protection policy in the first place!).

This is a simplified issue, non-medical mortgage protection policy that goes up to Table 4.

Most mortgage protection insurance companies place more emphasis on agents writing simplified issue, versus fully underwritten mortgage protection policies.

Almost all mortgage protection insurance companies sell simplified issue insurance policies as their primary product.

Many mortgage protection insurance companies even cut the commission percentage in half if an agent writes a fully underwritten policy versus a simplified issue policy.

Most policies sold for mortgage protection are called simplified issue, or no - medical insurance policies.

If you have a $ 150,000 mortgage, this mortgage protection plan would guarantee $ 150,000 immediately upon your policy issue date.

If you are healthy with no illness or disease, you would still qualify for this simplified issue non-medical mortgage protection policy, but it wouldn't be the best price plan for you.

Safe Harbor Term Life Express is a simplified issue, non-medical mortgage protection policy that goes up to Table 4.

• You own the policy • You choose the beneficiary • You select the amount of insurance protection • Your insurance does not decrease unless you decide to reduce it • Your insurance is not part of a group and you decide how to tailor it to your needs • Your insurance does not lapse when is in default • Your protection is portable and does not lapse when you change mortgage companies or sell the property • Your insurance is guaranteed re-newable to age 80 and after issue, you will never have to provide medical evidence

You may wonder if you can replace a mortgage protection insurance policy after it has been issued.

Although whole life insurance premiums are generally more expensive than those for a term life insurance policy, if you have combined insurance needs that include your mortgage and other estate planning issues, the lifetime protection aspect of a whole life product can lend itself to meeting both your short - and long - term needs.

Your family will be able to use the money from a term life policy to help pay down the mortgage and also resolve numerous issues that mortgage life insurance won't be able to take care of (learn more Top Reasons to Forgo Mortgage Protection Life Insmortgage and also resolve numerous issues that mortgage life insurance won't be able to take care of (learn more Top Reasons to Forgo Mortgage Protection Life Insmortgage life insurance won't be able to take care of (learn more Top Reasons to Forgo Mortgage Protection Life InsMortgage Protection Life Insurance).

Mortgage protection insurance could offer more coverage at a better price earlier in your mortgage term, but once you've paid down the principal significantly, you might be better off switching to a guaranteed issue termMortgage protection insurance could offer more coverage at a better price earlier in your mortgage term, but once you've paid down the principal significantly, you might be better off switching to a guaranteed issue termmortgage term, but once you've paid down the principal significantly, you might be better off switching to a guaranteed issue term policy.

Type of policies I have to offer: No medical Exams No mortgage / life event requirements Mortgage Protection (Term life) Final Expenses (Whole Life) Guarantee Issue regardless of medicalmortgage / life event requirements Mortgage Protection (Term life) Final Expenses (Whole Life) Guarantee Issue regardless of medicalMortgage Protection (Term life) Final Expenses (Whole Life) Guarantee Issue regardless of medical history