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An often over-looked piece of purchasing a new home or investment property is mortgage protection. Not to be confused with homeowner’s insurance, which covers losses and damages to an individual's house and to assets in the home, mortgage protection is insurance to keep mortgage payments ongoing if you were to die or become disabled.
There are two cost-effective ways to gain mortgage protection: Life and Disability Income Insurance.
If something were to happen to you, what strategies do you have in place to protect your largest asset, your home?
If interested in learning more about mortgage protection and how to protect your home, contact the following:
Samuel E. Strum
Agent with New York Life Insurance Company
*Disability Income Insurance is available through one or more carriers not affiliated with New York Life, dependent on carrier authorization and product availability in your state or locality.
Samuel E. Strum is a native Texan and graduate of the University of Texas at Austin. He currently lives in New York, New York and works as an Agent at the New York Life Insurance Company.
**Visio Lending Editor's Note: This article is targeted to your primary residence, but can apply to investment properties as well. Contact Samuel E. Strum or your personal advisor to learn more about mortgage protection for your investment properties.