Mortgage Protection

Mortgage protection is a simplified, quick issue insurance that is used to protect our client’s greatest asset. Mortgage protection plans are designed to provide a death benefit to. pay off all, or a portion of a client’s mortgage.


Features & Benefits of Mortgage Protection Plan Insurance

 

  • Portable: MPP is fully portable from home to home and lender to lender.

 

  • Upfront Underwriting: After the initial application there is an underwriting interview via telephone which takes approximately 15- 30 minutes to complete. Depending on the information received during the interview, further medical information may be required.

 

  • Immediate Protection: You are covered while the underwriting process is underway.

 

  • Universal Coverage: Everyone who applies for coverage with MPP is guaranteed some form of protection. We never decline anyone, as long as they are under 65 years of age and their mortgage obligations are under $1,000,000.

 

  • 60 Day Money-back Guarantee: Mortgage Protection Plan offers the opportunity to have immediate
    coverage while you review your options. Cancel at any time, but if you cancel within
    the first 60 days, you will have the premium 100% refunded.

 

  • Competitive Premiums: Even though you get older each year and the balance of their mortgage lowers very slowly for the first 18 years with regular payments, MPP premiums do not increase with age – they remain the same for the entire mortgage amortization period.

 

  • Financial strength & stability: Insured by The Manufacturers Life Insurance Company – a trusted name and industry leader.