07/08/2021
Insurance tip of the day.
The average first time home owner in the state of Florida is 34 years old. See example below on how mortgage protection insurance can help protect your biggest liability/asset.
Example
Mortgage-30 years/$250,000
Return of premium term insurance to protect your family during these vulnerable years-explained in how this policy works below!
Policy issued to a 34 year old male/female for $250,000 for 30 years/ $142.71 per month
From age 34 to 64; beneficiaries will receive $250,000 if the unfortunate happens to help pay the mortgage off; funeral cost, bills, college etc.
When Policy holder reaches the age of 64; he/she has outlived there policy and has earned themselves some retirement income; all while protecting there families vulnerable years. They will receive a tax free check for $51,375.60
Mortgage Protection is a win/win to add some money on the back end of our journey while also protecting the middle of it. We can not predict the future; but we can help control the what if’s.
Please inbox me for a free consult on life insurance; final expense/burial or mortgage protection.
Fitzstar Insurance
Thank you,
Brian and Andrew