Protect the home by planning for the obligation
Mortgage protection is not a separate government program. It generally refers to life insurance intended to help loved ones manage mortgage payments or other household needs after a death. Coverage, underwriting, cost and product availability vary.
What a conversation may cover
- Current mortgage balance and term
- Household income responsibilities
- Existing life insurance coverage
- Budget and preferred coverage period
Local, personal and easy to start
Theodore Gerges serves individuals, families and business owners in Davie, Cooper City, Plantation, Weston, Fort Lauderdale and surrounding South Florida communities. Meetings are available virtually, and the initial review is complimentary.
Frequently asked questions
Is mortgage protection the same as homeowners insurance?
No. Homeowners insurance generally covers property-related risks. Mortgage protection planning usually addresses a family's financial ability to handle the mortgage after a covered death.
Does the benefit have to be paid to the lender?
Policy structures vary, but life insurance benefits are generally paid to the named beneficiary. Review the specific policy details before applying.