A mortgage is a big commitment: it’s probably your biggest commitment at the moment, right?
It’s also a commitment you don’t want your spouse or children to bear in the unfortunate event something happens to you. You don’t want your loved ones to worry about how they’re going to make the repayments when you’re not around.
The truth is, a Mortgage life insurance is all about helping you protect the place your loved ones call home. With Mortgage Life Insurance, the insurance cover would help to pay off your mortgage in upon your passing during the period of the policy. Your loved ones need not worry about debts and financial burdens, or the possibility of having to sell the house.
Now, you’re probably wondering why you would need a Mortgage Life Insurance if you already have Life insurance. The biggest difference between the two is that they are designed with different protection purposes in mind. Some people want a policy that will help protect their family financially if they were to pass away during the policy term. Others may want a policy that could help their family with the mortgage payment. Mortgage Life Insurance is specifically designed to ensure your mortgage repayments would be covered if you died or fell seriously ill during the term of the plan.
At Sacos we understand that everyone’s circumstances are different, which is why we have worked extremely hard to revamp our policy and bring you the best protection at the most competitive rate! Interested? Get a quote here.
Need additional information? Not a problem! Call us on 429 5000 or send an email to firstname.lastname@example.org and an officer will get back to you.