Serving Northern and Central New Jersey
(973) 229-0288


Mortgage Protection Insurance
Protect and Preserve Your Assets and Financial Resources
Insurance if you need it, Assurance if you don't

If you die, become disabled, or are diagnosed with a critical illness, will your family's home be protected? Mortgage protection insurance is as simple as this – you pay a non-changing premium for the duration of your life insurance policy, and if you die, the insurance pays off the rest of your mortgage. Mortgage Protection Insurance is more than just a policy that pays off the balance of your mortgage if you or your spouse passes away. Mortgage Protection Insurance is a complete package of coverage designed to ensure that whatever happens to you, your family will be able to stay in your home. Mortgage protection insurance can be used to pay off your mortgage if you die or, pay you back all your premiums at the end of your coverage term. Joint mortgage protection insurance covers both you, and your spouse and pays out when either of you die. One way to help your family receive a little extra in the event of your death, is to make extra payments on your mortgage. By doing so, the death benefits will be the amount your mortgage would have been, had you been making the standard-required payments. This helps your family in that after the mortgage is paid off, they may receive the remainder of your death benefits. Mortgage Protection Insurance is not the same as Private Mortgage Insurance(PMI), which insures the Lender, in the event you default on your mortgage. Mortgage Protection Insurance is an extremely important insurance to have – in fact, it can be the difference between keeping a roof over your family's head, or ending up having your home repossessed.