Mortgage Insurance
The house you live in is more than a piece of real estate. It's your home. And for most of us, our greatest asset and probably the biggest single investment we’ll ever make. You're probably already covered for fire, theft and liability. But are you prepared for the financial devastation a death or disability can have on your family? Mortgage life insurance pays off your mortgage in the event of your death, ensuring that your property continues to be your home.
Most people don't like to think about it, but planning ahead is the only way to ensure that one tragedy doesn’t lead to another. Mortgage protection from Motorists Life gives you and your family the options you want and the flexibility you need--when you need it most. With one affordable insurance policy, you can protect your home and your family with benefits that last a lifetime and beyond.
Take a look at how our Mortgage Insurance can help you build security for your family.
Mortgage Protection using life insurance and disability plans
Mortgage protection can be funded by a term or permanent life insurance policy, with a death benefit equal to the mortgage balance. In the event of your death, your beneficiaries with the help of Motorists Life's insurance plans, can pay off your mortgage. Or, they can invest the money for important future needs such as college or retirement, using interest earnings to continue paying on the mortgage.
Permanent life insurance plans can build cash value, on a tax-deferred basis, that may be used to pay off a mortgage early--saving thousands of dollars in interest.
TERM life insurance plans from Motorists Life give you flexibility, coupled with an affordable premium. Term life is a smarter choice than more expensive credit life plans offered by many lending institutions. Besides costing more, credit life plans name a lending institution as beneficiary, leaving your family with no control over the funds if a death benefit is paid.
Mortgage protection with disability income added
Purchasing a Joint Disability Income Rider will pay you or your spouse a monthly income in the event you or your spouse become totally disabled. The income is paid to you, not to the lender, on a tax-free basis, giving you the option of how you want or need to use the money. Plus, the money is not 'integrated' with any other benefits you may have.
Most people don't like to think about it, but planning ahead is the only way to ensure that one tragedy doesn’t lead to another. Mortgage protection from Motorists Life gives you and your family the options you want and the flexibility you need--when you need it most. With one affordable insurance policy, you can protect your home and your family with benefits that last a lifetime and beyond.
Take a look at how our Mortgage Insurance can help you build security for your family.
Mortgage Protection using life insurance and disability plans
Mortgage protection can be funded by a term or permanent life insurance policy, with a death benefit equal to the mortgage balance. In the event of your death, your beneficiaries with the help of Motorists Life's insurance plans, can pay off your mortgage. Or, they can invest the money for important future needs such as college or retirement, using interest earnings to continue paying on the mortgage.
Permanent life insurance plans can build cash value, on a tax-deferred basis, that may be used to pay off a mortgage early--saving thousands of dollars in interest.
TERM life insurance plans from Motorists Life give you flexibility, coupled with an affordable premium. Term life is a smarter choice than more expensive credit life plans offered by many lending institutions. Besides costing more, credit life plans name a lending institution as beneficiary, leaving your family with no control over the funds if a death benefit is paid.
Mortgage protection with disability income added
Purchasing a Joint Disability Income Rider will pay you or your spouse a monthly income in the event you or your spouse become totally disabled. The income is paid to you, not to the lender, on a tax-free basis, giving you the option of how you want or need to use the money. Plus, the money is not 'integrated' with any other benefits you may have.
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