Don’t Risk Losing Your Home
Mortgage protection with living benefits is a life insurance policy that provides financial support if you're diagnosed with a terminal, chronic, or critical illness, and offers a death benefit to your beneficiaries upon your passing. Gain peace of mind knowing your mortgage payments will be covered during life's toughest moments.
Mortgage Protection Insurance
We partner with top insurance providers to deliver easy approval life insurance with no medical screening.
Is Mortgage Protection Worth It?
Have a family and want the peace of mind knowing that your mortgage will be covered during tough times
Want quick and easy life insurance coverage with no waiting period and no medical exam
You're the primary income earner and want a policy that provides income replacement to help cover living expenses and offset debt.
Includes Living Benefits
Life insurance with living benefits provides financial protection for your loved ones and lets you access part of the benefit early if you're diagnosed with a serious illness, helping to cover medical expenses, living costs, or other financial needs.
Builds Cash Value
With each premium payment, a part contributes to the cash value, which grows at a guaranteed rate. Access this accumulated cash value during your lifetime through withdrawals or loans
Why Choose Life Insurance for Mortgage Protection?
Maintain financial stability during challenging times, allowing loved ones to focus on recovery instead of worrying about homeownership
Flexible Coverage Amounts
Choose coverage amounts between $100,000 and $1,000,000, with the cost influenced by factors like age, health, and the desired coverage level.
Simplified Issue
With simplified issue life insurance, you can skip the medical exam and get coverage quickly by answering fewer health-related questions.
Level (Fixed) Premium
The cost of your policy remains the same, regardless of age or health changes, making it easier to budget and plan with a fixed monthly payment.
Whole Life
Secure lifelong coverage with fixed premiums and build cash value that grows over time, which you can access through loans or withdrawals.
FAQs
Five Questions To Ask When Considering Mortgage Protection Insurance
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How do I get started with the Infinite Banking Concept?To implement IBC, consider the following steps: Educate Yourself: Gain a thorough understanding of IBC principles by reading reputable sources, attending seminars, or consulting with an Inner Circle Financial professional experienced in this strategy. Assess Your Financial Situation: Evaluate your current financial health, including income, expenses, debts, and savings, to determine how IBC might fit into your overall plan. Consult with Experts: Engage with financial advisors who specialize in IBC to receive personalized guidance tailored to your goals and circumstances. Source: Living Wealth
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Are there any potential drawbacks or considerations with the Infinite Banking Concept?While IBC can be a powerful financial tool, it's essential to be aware of potential downsides: Complexity: Understanding the intricacies of whole life insurance policies and the IBC strategy requires careful study and possibly professional guidance. Costs: Whole life insurance premiums can be higher compared to term life policies, and the initial years may have lower cash value accumulation due to policy fees and costs. Long-Term Commitment: IBC is most effective when viewed as a long-term strategy, with benefits becoming more pronounced over many years. Source: The Money Advantage
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What are the benefits of implementing the Infinite Banking Concept?IBC offers several advantages, including: Tax Efficiency: Loans taken against the policy's cash value are generally not considered taxable income, providing a tax-advantaged method of accessing funds. Financial Control: By becoming your own banker, you gain greater control over your financing, reducing reliance on traditional financial institutions. Wealth Preservation: The death benefit ensures that your beneficiaries receive a tax-free inheritance, aiding in legacy planning. Asset Protection: In many jurisdictions, the cash value within life insurance policies is protected from creditors, offering an additional layer of financial security. Source: Living Wealth
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How does the Infinite Banking Concept work?The process begins by purchasing a whole life insurance policy from a mutual insurance company. As premiums are paid, a portion contributes to the policy's cash value, which grows over time. Once sufficient cash value accumulates, policyholders can take loans against it, using the funds for personal financing needs. Repayments are flexible, and the cycle allows for continuous growth and access to funds. Source: Living Wealth
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What is the Infinite Banking Concept?IBC involves using whole life insurance policies with high cash value to function as a personal line of credit. By overfunding these policies, individuals can borrow against the accumulated cash value for various financial needs, such as purchasing assets or funding education, while potentially earning dividends and interest Source: Nerdwallet - Finance Smarter