Who controls your mortgage insurance? Is it you? Or is it the bank?
When you buy a home, you need to put mortgage insurance on that home to make sure that you can repay the mortgage when you die.
The Home Protection Plan from Capital Estate Planning is mortgage insurance that is designed to help you do that simply and inexpensively.
When you bought your home you were probably offered insurance through the bank. This is what's sometimes called "creditor insurance". It's called that because it's protecting the creditor (the bank) -- not your family.
You pay for this insurance, and if something happens to you, the bank decides what will happen with the money -- assuming that it does pay out, there is only one option -- going toward your mortgage. If there's any excess amount that goes to the bank. In short, you pay for it, and the bank owns it.
With the Capital Estate Planning Home Protection Mortgage Insurance, you pay for it and you own it. If you die, your family gets the money -- and they get to decide what to do with it. Maybe they will pay down the mortgage. Maybe they'll pay part of it. Or invest the money and keep paying the mortgage. It's their decision.
With the Capital Estate Planning Home Protection Mortgage Insurance, if you sell your house, no problem -- the insurance travels with you to your new house. And unlike the insurance from your bank, with Home Protection Plan Mortgage Insurance, your premiums and benefits are guaranteed -- you know exactly how much you'll pay. And because it's medically underwritten at the start, you know exactly what you'll receive.
Contact us today to find out how to protect your home with the Home Protection Plan Mortgage Insurance.