Protect your Assets with Mortgage Protection Insurance

Protect your Assets with Mortgage Protection Insurance

It is quite common to have debts, as you might face an emergency situation which demands financial help. You are capable enough to pay your debt within the regular instalment, but what if you met with an unexpected situation and no more to clear your debt. It can precisely be a burden on your family. This is why we swift life insurance as an insurance providing platform does recommend to take up mortgage protection insurance.

Your debts will be no longer a burden or either your assets will be at risk. Your family will receive a lump sum after your demise to clear your mortgage debts.

You might be one of them who needs this insurance

Mortgage Protection insurance is specifically designed to clear the mortgage debts in your absence. You might be the only bread earner or one of them it does not matter. As you are the one to take up a mortgage debt responsibility, you need to fulfil it irrespective of the situations. You cannot leave the debts on your family members to clear them. It will affect your dependents financially and will lead them into a financial crisis.

You can apply for mortgage protection insurance with us. After your demise, your family does need financial support and your assets will ensure financial protection. The insurance will not only clear your debts, as well as protect your assets from your creditors.

There are certain beneficiary factors, which come with Mortgage Protection Insurance. Get to acknowledge all the terms of the insurance before you apply for it.

Tax-Free

Online Application

Fixed Monthly Pay-in

Customized Terms

How mortgage protection insurance can clear your debts?

How mortgage protection insurance can clear your debts?

When you are a mortgage debtor it is better to have a mortgage protection insurance. It does not involve any complex procedures, we make sure that you won’t be having any difficulties. Acknowledge all the terms concerning your mortgage protection insurance as you have an option of customizing the terms.

A legal agreement will be drafted between you and your insurer which involves all the terms and conditions of the insurance. Based on your debt amount and current financial status a regular monthly amount will be fixed. Your beneficiary can claim the policy amount after your demise to clear your mortgage debts which will save the assets from your creditors.

You need to be regular with the monthly payment, in case of any failure will lead to the cancellation of the insurance. Any claim made by the beneficiary will get rejected and will lose the assets to the creditors.

Things to remember While taking a Mortgage Protection Insurance

To be frank, people only think about the agency rather than the insurance terms. You need to do the proper homework before you sign up for an insurance policy.

How long does it last?

How long does it last?

You need to decide your own term period which starts from 5 years. Any claim made within the term period will be accepted.

What if I stop paying?

What if I stop paying?

Your decreasing term life insurance will be cancelled if you stop paying the insurance policy. Your family will not receive any amount after your demise.

Any Feasibility with terms?

Any Feasibility with terms?

Yes, you can update your insurance terms in future if needed. Just have a word with a representative to make it happen.

Cost of an Insurance Policy

Cost of an Insurance Policy

You need to decide it, based on the current financial status of your family and how much they need in your absence.