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Taking
out a mortgage can be a scary proposition. You owe tens or even
hundreds of thousands of dollars to the mortgage holder. What happens
if a family breadwinner suddenly passes away and a substantial portion
of the mortgage remains unpaid? Mortgage Protection insurance covers
this potential financial disaster. You can purchase a policy when
you first buy your home, or later if you think your situation warrants
it. The "death benefit" is the amount you have left to
pay on your mortgage.
The idea behind mortgage protection insurance is straightforward.
You pay a premium, which remains the same for the duration of the
policy and, if you should die during that time, the insurance pays
off the rest of the mortgage.
Stop by or call us and let us show you how to protect your family
and your estate for pennies on the dollar with the Mortgage Protection
plans available.
These products:
* are NOT deposits insured by the FDIC or any federal government
agency.
* are NOT obligations of Peoples-Webster County Bank.
* are NOT guaranteed by Peoples-Webster County Bank.
* may lose value.
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