|Friday, May 12, 2017|
Protecting Your Most Important Investment
An unexpected disruption to your family’s income could quickly derail your financial goals. Whether it’s a short-term disability, a job loss or even the death of an income provider, it’s important to plan for these "just-in-case" scenarios.
At the top of the protection list is your home—probably the biggest and most important investment you’ll make during your lifetime. To help cover your monthly mortgage payments, consider Mortgage Payment Protection.
What is Mortgage Payment Protection?
This voluntary insurance helps make your mortgage payment during financially stressful times. It’s designed to give you time to get back on your feet after a job loss, disability or death.
Why is it important?
- Because half of American households would feel the financial impact of the loss of their primary wage earner in a year or less; 40% within 6 months.1
- 6 in 10 Americans have no emergency fund to fall back on.2
How Can Mortgage Payment Protection Help You?
If an unexpected loss of income occurs, Mortgage Payment Protection can be a life-saver. It can help:
- Keep you and your family in your home – especially during a difficult time.
- Free up money you would have used for your mortgage payments to pay other bills.
- Reduce the need to dip into your other investments such as your retirement fund.
Find Out More
Talk to your Seven Seventeen Credit Union Mortgage Loan Consultant or visit MonthlyMortgageProtection.com to see if this coverage is right for you and your family.
1 Facts from LIMRA, Sept 2015 2 BankRate Study, Jan 2015
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Mortgage Payment Protection is the marketing name for Group Mortgage Protection Insurance (in Pennsylvania; Group Insurance) which may include Life and Disability Insurance underwritten by CMFG Life Insurance Company and Involuntary Unemployment Insurance underwritten by CUMIS Insurance Society, Inc. Life, Disability and/or Involuntary Unemployment are not available in all states. Purchase of Mortgage Payment Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. The insurance benefit amount may not match your monthly mortgage loan payment due to changes in the mortgage payment over time. You can cancel at any time. Be sure to understand the complete details of coverage, including any waiting periods, exclusions and limitations. OREGON: GMP-POL-DIS-S3 OR; GMP-POL-IU-S3 OR; GMP-POL-LIFE-S4 OR
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