If something should happen to you, would your family be able to keep making the
mortgage payments?
If you do not have a Mortgage Protection plan, your family will end up with the mortgage
payments, and with your lost income, they may lose the home in foreclosure.
This is not a PMI. PMI protects the lender. This is how it works. Suppose you have a
current home loan of $750,000 for 30 years, you may apply for coverage on your life for
$750,000 for 30 years (we recommend spouse should be covered too).
In the event of your untimely death, the insurance company will pay the beneficiaries (your
family) lump sum $750,000 - and that's TAX - FREE. The policy has to be in good standing
at time of death. If the loan is paid off or almost paid off, or if you sell your home, or you do
not even own a property, it does not matter. The policy is covering you, not a property,
and your family still gets the same cash benefits.
When you apply for Mortgage Protection plan, for a little extra premium than you would
have paid for regular Life Insurance, you may have two additional options available
(depending on age).
Option 1: Return of Premium (ROP). In this option, you get all the premiums you've paid at
the end of the policy term, provided you outlive the policy. It's just like renting a property
for specific years, and once you do not want to rent anymore, your landlord returns you all
the rent you paid in past years.
Option 2: No Medical Exam (Non-Med). In this option, you will not be required to provide a
medical exam to get covered. It's ideal for those people who would not like to have medical
test, do not like needles, do not like to give blood test, urine test, and other tests as may
required in underwriting. Just answer few health questions. The process in this type of
insurance is much faster than the regular one. Ages up to 95, term of 5-30 years,
coverage amount $50,000-$350,000. $500,000 coverage amount available with 15-40
years of term.
Let us help you plan the right strategy. Contact us now!
mortgage payments?
If you do not have a Mortgage Protection plan, your family will end up with the mortgage
payments, and with your lost income, they may lose the home in foreclosure.
This is not a PMI. PMI protects the lender. This is how it works. Suppose you have a
current home loan of $750,000 for 30 years, you may apply for coverage on your life for
$750,000 for 30 years (we recommend spouse should be covered too).
In the event of your untimely death, the insurance company will pay the beneficiaries (your
family) lump sum $750,000 - and that's TAX - FREE. The policy has to be in good standing
at time of death. If the loan is paid off or almost paid off, or if you sell your home, or you do
not even own a property, it does not matter. The policy is covering you, not a property,
and your family still gets the same cash benefits.
When you apply for Mortgage Protection plan, for a little extra premium than you would
have paid for regular Life Insurance, you may have two additional options available
(depending on age).
Option 1: Return of Premium (ROP). In this option, you get all the premiums you've paid at
the end of the policy term, provided you outlive the policy. It's just like renting a property
for specific years, and once you do not want to rent anymore, your landlord returns you all
the rent you paid in past years.
Option 2: No Medical Exam (Non-Med). In this option, you will not be required to provide a
medical exam to get covered. It's ideal for those people who would not like to have medical
test, do not like needles, do not like to give blood test, urine test, and other tests as may
required in underwriting. Just answer few health questions. The process in this type of
insurance is much faster than the regular one. Ages up to 95, term of 5-30 years,
coverage amount $50,000-$350,000. $500,000 coverage amount available with 15-40
years of term.
Let us help you plan the right strategy. Contact us now!
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| Financial Protection. Think Smart. |
| LIFE HEALTH |
| www.coverlineinsurance.com |
| fdg |
| Aatif Akhtar (Broker-Agent) |
CA DOI Lic. #0G50117
| Call Us Today! 818-368-5511 |
| MORTGAGE PROTECTION - KEEPING YOUR FAMILY TOGETHER |
| _____________________________________________________________________________________________________________________________________________________________________________________________ Disclaimer: The information, general principles, and conclusions presented on this page are subject to change without notice, and are also subject to insurance companies underwriting guidelines. The information provided is generalized and It should not be used as a substitute for the professional advice of an attorney, an accountant, or any other professionals. CoverLine Insurance Services, the agency owners, agents representing the agency, and staff members are not providing any legal, accounting, or tax advice. CoverLine Insurance Services is an independent insurance agency licensed by the California Department of Insurance, License #0G50117. No material to be copied without permission. |
| WE REPRESENT LEADING INSURANCE COMPANIES |
 | |  |
| EASY AS 1-2-3 TO APPLY: 1. Request a quote 2. Review the plan 3. Apply for coverage |
| TESTIMONIALS |
| REMINDER |
| Aatif was very helpful to explain me insurance. Our family is protected now and worry-free... R.G. (California) I will definitely refer CoverLine Insurance Services to my family and friends. They are very helpful and knowledgeable people... K.C. (California) I am lucky to find that Aatif has in premium but substantial amount for my family, it is a good decision... N.S. (California) Aatif showed me what it takes to retire early. Currently at such a young age, I am on my way to a safe and 100% guaranteed retirement... M.R. (California) I was very worried about my family's future once I die. It was great to know I could protect my home, and make sure my family is secured... F.A. (California) And many more... |
| PLAN'S PREMIUM |
| You do understand, the longer you wait, your age will go up and you may risk health issues. This may result in higher rates or disqualify you for coverage of Life Insurance protection. |
| Do you know the plan's premium are fixed by insurance carriers and/or State? No agent can promise you an identical policy that is "priced better". You can't find a cheaper price anywhere else for the same policy. |
| NEEDS ANALYSIS |
| We offer free Needs Analysis for your Life Insurance needs. It gives you an insight on the financial obligations you may have towards the future of your family. |
This type of insurance plan is
relatively low cost, and offers lump
sum cash tax-free to your loved
ones when they need most.
relatively low cost, and offers lump
sum cash tax-free to your loved
ones when they need most.
This page opens with a
very informative 5 minute
video with sound. A must
watch. Click Tab Above.
very informative 5 minute
video with sound. A must
watch. Click Tab Above.
This type of insurance plan is to
avoid future foreclosure for your
family. Keep your family together
by protecting your mortgage.
avoid future foreclosure for your
family. Keep your family together
by protecting your mortgage.
This page opens with a
very informative 5 minute
video with sound. A must
watch. Click Tab Above.
very informative 5 minute
video with sound. A must
watch. Click Tab Above.
This type of insurance plan is to
provide you a stream of income in
your golden years and / or you
can save for kid's college funds.
provide you a stream of income in
your golden years and / or you
can save for kid's college funds.
This page opens with a
very informative 5 minute
video with sound. A must
watch. Click Tab Above.
very informative 5 minute
video with sound. A must
watch. Click Tab Above.
This type of insurance plan is
to provide you financial relief at
the time of medical emergencies
as the medical cost is rising.
to provide you financial relief at
the time of medical emergencies
as the medical cost is rising.
Get instant online quotes,
plus you have an option
to apply online for the
plan. Click Tab Above.
plus you have an option
to apply online for the
plan. Click Tab Above.
This page tells you about us, what
we do, why we do and why you
should choose us for all your life
and health insurance needs
we do, why we do and why you
should choose us for all your life
and health insurance needs
Protect your family from
financial disaster. Apply
for Life / Health Insurance
today. Click Tab Above.
financial disaster. Apply
for Life / Health Insurance
today. Click Tab Above.
