PROTECT YOUR HOME AND FAMILY
Mortgage Protection Life Insurance with Living Benefits
“The greatest investment you can make is in yourself.” — Warren Buffett
Are You and Your Family Prepared for the Unexpected?
“I’m healthy—I don’t need life insurance.” Many people feel this way, but serious health events often arrive without warning. Did you know nearly half of all mortgage foreclosures in America are linked to unexpected medical issues? Sudden illnesses or accidents can affect anyone, regardless of how healthy they feel today. Who would pay the bills if you could not work due to a medical emergency? Could your family handle mortgage payments, medical costs, and daily expenses without your income?
At PTW Financial, we understand these concerns. As trusted life insurance brokers, we partner with 15+ A-rated carriers to ensure you have access to a wide range of options. We specialize in offering tailored solutions that fit your unique needs and budget. Our policies include living benefits, giving you the ability to access a portion of your death benefit while you are still alive. These funds can help cover mortgage payments, medical expenses, or even in-home care—protecting your family from financial hardship and the risk of foreclosure during life’s most challenging times.
Ask Yourself:
- If I couldn’t work due to an unexpected medical illness or accident, would my family (or I) be financially secure?
- Could my loved ones or I manage mortgage payments, medical bills, and daily expenses without my income?
- Do I have a plan to cover funeral expenses and settle any outstanding debts to prevent leaving my family (or friends) with unexpected costs?
- Am I prepared with a safety net to protect my lifestyle and financial stability in case of unforeseen events?
If you answered “No” or “Not Sure” to any of these questions, contact us today to explore how our customized solutions can provide the protection you and your loved ones deserve.
Services
Free Life Insurance Policy Review
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Your life changes—make sure your life insurance keeps up. Our free policy review ensures your coverage fits your current needs and goals. Whether you have started a new job, expanded your family, or experienced changes in your health, now is the perfect time to revisit your policy. We will help keep costs manageable, fill any coverage gaps, and explore better options that may be available so you are not paying more than you need to.
Mortgage Protection
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Mortgage protection insurance safeguards one of your most valuable assets—your home—in the event of your death. This coverage ensures that your mortgage will be paid in full, allowing your family to remain in their home without financial worry.
Living Benefits
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Our life insurance and indexed life solutions include living benefits, allowing you to access a portion of your death benefit while still alive if you experience a covered chronic, critical, or terminal illness.
Life Insurance
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Life insurance addresses the most crucial financial question: “How will you provide for your family after you are gone?” Our coverage options help you answer with confidence. We offer both permanent (whole life) and temporary (term) life insurance to best suit your needs.
Indexed Universal Life
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This permanent policy not only provides a death benefit but also allows you to accumulate cash value over time. It can be structured to help supplement your retirement plan, offering both protection and financial growth.
Tax-Free Retirement Plan
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Looking to create lifetime retirement income? Fixed Indexed Annuities and Indexed Universal Life offer tax-deferred growth without the risks of most investments. Our tax-free retirement plans are ideal for pre-retirees aiming to preserve their assets.
Final Expense
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Final Expense insurance provides lifelong coverage with locked-in prices that never increase and a policy that never ends. These plans are designed to cover funeral and end-of-life expenses.
Educational Funding
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College education costs are higher than ever, leaving many students burdened with debt for decades. How can you provide a university education for your children without the heavy debt? Our college funding strategies can help. With customized solutions, we can ensure your children have a bright future without student loan debt holding them back.
Why PTW Financial Is Your Best Choice
“We leave people better than we found them.” — Marvin J. Ashton
eApplication with Instant Decision
Access 15+ A-rated carriers with us representing you. We shop for the best rates and coverage, often delivering instant application decisions for a fast, hassle-free process.
Simplified Issue
No medical or physical exams are required, making it easier and faster to qualify for coverage.
Living Benefits
Our policies include living benefits providing coverage for unexpected health issues and accidents.
Personalized Protection
Every policy we craft is carefully tailored to your specific needs and goals. From young families to retirees, we will design a plan that fits your budget.
Complimentary Estate Planning
We help provide you and your loved ones with legacy planning, estate planning support, end-of-life planning, and survivor support.
Set For Life
An insurance policy with us is more than just coverage; it is a lifelong commitment to your financial security. We will be there to safeguard your assets and provide peace of mind for decades to come.
FAQ
What is the difference between Private Mortgage Insurance (PMI), Mortgage Insurance Premium (MIP), and Mortgage Protection Insurance (MPI)?
Private Mortgage Insurance and Mortgage Insurance Premium are types of insurance that protect the lender if a borrower defaults on a mortgage with low equity. PMI is typically required for conventional loans with less than 20% down, while MIP applies to FHA loans and often lasts the life of the loan.
Mortgage Protection Insurance, on the other hand, is designed to protect you and your family. MPI provides a tax-free benefit to help pay off the mortgage or cover mortgage payments if you pass away, become seriously ill, or are injured. This ensures your family can stay in the home without the burden of mortgage debt, helping to avoid foreclosure during difficult times.
What is Mortgage Protection with Living Benefits?
Mortgage Protection with Living Benefits is a type of life insurance designed to pay off your mortgage or help make payments in case of unexpected death, disability, or medical illness. It ensures that if you pass away unexpectedly, your family will receive a tax-free benefit that can be used to pay off the mortgage balance or cover the payments for a specific amount of time, keeping the family in the home without financial stress.
Living Benefits allow policyholders to access a portion of their death benefit while alive if diagnosed with a terminal, chronic, or critical illness. This can help cover medical expenses, loss of income, or other financial needs.
Ultimately, Mortgage Protection helps prevent foreclosure and keeps the family in their home.
What does a Mortgage Protection Insurance policy cover?
- Home mortgage or rent
- Medical bills
- Nursing home confinement
- Home care services
- Loans and debt
- Funeral costs
- Living expenses
- Children’s education
How is Mortgage Protection different from Traditional life insurance?
Mortgage Protection covers your mortgage with added living benefits for critical, chronic, or terminal illnesses, while Traditional life insurance only provides a death benefit.
Who needs Mortgage Protection Insurance?
Homeowners: Especially those with dependents who rely on their income. MPI ensures that the mortgage is covered, providing financial security for the family.
New Homebuyers: To secure their investment and provide peace of mind from the start. MPI can help protect their new home from unforeseen circumstances.
Families: To ensure the home remains in the family even if the primary earner passes away. MPI helps prevent foreclosure and keeps the family in their home.
Individuals with Health Concerns: Those who may be at risk of critical, chronic, or terminal illnesses. MPI with living benefits can provide financial support during severe health issues.
Anyone with a Mortgage: Essentially, anyone who has a mortgage and wants to ensure their family is not burdened with mortgage debt in the event of their death or disability.
Do I need to qualify for Mortgage Protection Insurance?
Yes, qualifying for mortgage protection insurance requires answering a few health and lifestyle questions. These policies are simplified issued, meaning no medical or physical exams are needed, making it quick and easy to get coverage in place.
Do I need a medical exam to apply for coverage?
No. Mortgage protection policies are simplified issued, meaning they only require you to answer a few health and lifestyle questions—no medical exam is needed. This makes the application process quick and convenient.
How much does Mortgage Protection Insurance cost?
Costs vary depending on age, health, coverage amount, and term length. We offer a range of options to fit different budgets and financial goals.
What types of Mortgage Protection policies are available?
We offer various mortgage protection options for different circumstances and budgets, including term policies, final expense, and indexed universal life (IUL).
Term policies provide coverage for a specific period, typically aligned with your mortgage term, and are often the most affordable.
Final Expense policies are designed to cover end-of-life and funeral costs, helping your loved ones manage expenses without financial stress.
IUL policies offer permanent coverage with the potential for cash value growth, providing both protection and a financial asset over time. We can help you choose the best option based on your goals and budget.
How long does it take to get coverage?
In most cases, you can get an instant decision on your application.
How do I start the application process?
You can start by calling us @ 760-815-9247 or by scheduling a Free Consultation. We will help you assess your needs, explore policy options, and protect your home and family.
How long is the consultation and application?
The consultation typically lasts around 15 minutes, depending on your questions and needs. The application process is straightforward and usually takes about 15–20 minutes to complete. We will complete the application with you to ensure a smooth and efficient experience.
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