Admiral Insurance Brokerage
5507 AVENUE N • BROOKLYN, NY • 11234
PHONE: 718-241-8500 * FAX:718-241-8520


As a property owner you may have wondered how your family would pay the mortgage in the event that something happened to you? Mortgage Protection Insurance is your solution.

Why do I need Mortgage Protection Insurance?

For most people their single largest asset is their home, an asset that takes almost a lifetime to build. Paying off the mortgage on one's home is a considerable financial responsibility; one that most likely depends upon a steady income, without which, the payments may not only become difficult to make but under certain unforeseen circumstances can even be impossible to meet.

A mortgage protection policy can protect your family from the financial obligations of making mortgage payments without your salary. In the unfortunate event of your death, your family will still be accountable for mortgage payments, which may be unaffordable without your contribution. The death benefit of your life insurance policy should include the amount of your mortgage. In the event of your death, the policy's proceeds will cover the entire cost of your mortgage, your house will be paid off, and your family be relieved of the worry.

How does a Mortgage Protection Insurance policy help?
Having a Mortgage Protection Insurance Policy offers options to your family in case of the mortgagor's sudden death. By paying off all or a portion of your mortgage, it buys your family time to make reasonable decisions, rather that being forced to take decisions under pressure. Adequate coverage enables your loved ones to continue living in your home. By paying off the remaining mortgage balance, this insurance helps ensure that your home will remain with your family for as long as they choose to live there. Or they can sell it. But they can do so at their leisure, not as the result of financial pressure caused by an inability to pay the mortgage.

How much does Mortgage Protection Insurance cost?
We can design a policy that fits your needs and your budget! Policies can be designed with 15,20, and 30-year terms. Annual premiums will depend on the length of you mortgage, outstanding balance, and you overall health condition.

How do I find out more information about Mortgage Protection Insurance?
Just give us a call. We will be more than happy to give a quote and answer any question you have.

Sincerely Yours.



Charles Maniglia
Director of Marketing



Added on: Fri Feb 29, 2008 6:04 pm by : TheAdmiral