Mortgage Protection
Protecting your home for yourself and your family could be the wisest move you ever make. Our products can help protect your mortgage and your family from the financial devastation that can come with death, disability, or critical illness.
Legacy Protection, with Mortgage Protection.
Help pay your mortgage at death
You select the amount of coverage needed for your mortgage payments. The benefits chosen remains level for the entire guarantee period. If you pass away before paying off your home, the benefit paid-out, 100% to your beneficiaries. They can use this money to help pay off the mortgage, or for any other financial needs.
Free accidental death protection
An Accidental Death Benefit Rider is included at no additional cost. An additional death benefit of 25% of your base death benefit, will be paid to your beneficiary, if your death occurs as a result of an accidental injury. Also, another 25% death benefit, if you die from an accident while riding as a fare-paying passenger.
(EXAMPLE #1) $100K policy will pay out $125,000 during accidental death.
(EXAMPLE #2) $100K policy will pay out $150,000 during common carrier.
Living Benefit: Critical Illness Rider
The Critical Illness Rider will pay you a lump-sum benefit if you are diagnosed with a qualifying critical illness such as invasive cancer, stroke, or heart attack.
Living Benefit: Chronic Illness Rider
In the event of a catastrophic health crisis where you are unable to perform 2 activities of daily living in a 90-day period, the Chronic Illness Rider will pay you a lump-sum benefit to help you cover your medical treatments and other expenses.
Living Benefit: Terminal Illness Rider
The Terminal Illness Rider will pay you a lump-sum benefit if you are diagnosed with a qualifying terminal illness where death is expected in 12 months or less. This money can be used for any reason.
Receive ALL your money back if you are still alive after policy ends. (Cash Back Option)
Hopefully, you will outlive your mortgage in good health. With HMS Plus CBO, you have the benefit of life insurance protection while you need it, and the option to receive ALL OF your money back if you outlive your policy’s maturity date. At the end of the no-lapse guarantee period, your cash value will equal 100% of the premiums paid on the base policy, less any loans. (Option available to clients age 60 and under).