Safeguard Your Home and Protect Your Family’s Future
Cover mortgage payments in the event of illness, disability, or unexpected death, and stay in your home worry-free of tomorrow.
Cover mortgage payments in the event of illness, disability, or unexpected death, and stay in your home worry-free of tomorrow.
Mortgage Protection is a life insurance policy that covers your mortgage balance if you pass away, become seriously ill, or are disabled, ensuring your family can remain in their home without the financial strain of monthly payments. Our solutions, allow you to rest assured that your loved ones will be secure in their home.
Our Mortgage Protection policies are crafted to give your family the security they need to remain in their home without the financial burden of a mortgage, even during challenging times.
We offer policies with options for living benefits, allowing you to access funds if you are diagnosed with a serious illness or become disabled, ensuring that mortgage payments are covered.
We provide a range of mortgage protection solutions to fit your budget and mortgage size, ensuring you have reliable coverage that adapts to your unique financial needs.
This policy aligns with your mortgage balance, decreasing as your mortgage is paid down, ensuring affordable protection throughout your mortgage term.
Provides coverage for the mortgage balance and offers living benefits in case of critical illness or disability, giving you access to funds when you need them most.
Whole or universal life policies provide lifelong coverage with cash value accumulation, offering flexibility and additional financial benefits beyond mortgage protection.
We start with a consultation to assess your mortgage balance, financial situation, and goals. This helps us recommend the best Mortgage Protection policy for your needs.
Based on your unique circumstances, we help you select a policy that provides coverage for your mortgage in the event of death, disability, or critical illness, offering peace of mind for you and security for your family.
As your mortgage balance decreases or life circumstances change, we continue to review and adjust your Mortgage Protection policy to ensure it remains aligned with your financial needs.
Yes, in many cases, Mortgage Protection policies can be transferred or adjusted if you buy a new home, but it depends on the specific policy terms. We can guide you on how to adjust your coverage as needed.
Some policies can cover additional loans, like home equity lines of credit (HELOCs), but this depends on the type and amount of coverage selected. We’ll help you understand what’s possible based on your financial needs.
In most cases, living benefits are not taxed, but this can vary based on your specific circumstances. We can discuss potential tax considerations during your consultation.
While both types of insurance offer financial support for your family, Mortgage Protection specifically focuses on covering mortgage payments, and offering security for the home, while standard life insurance is generally broader in purpose.
Depending on the type of policy, you may have options to either repurpose the coverage, continue it as a general life insurance policy, or cancel it if no longer needed. We can review your options if this situation arises.
Royal Legacy Creating a financial legacy doesn’t happen by chance. It requires careful planning. At Royal Legacy, we’re here to provide the guidance, expertise, and strategies that will secure your financial future. Contact us today to begin building your legacy.
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