You may be eligible for Critical Period Coverage
Find out if you quality by taking our 30-second survey!
What is Critical Period Coverage?
Critical Period Coverage provides affordable coverage for a defined period, usually ranging from 6 months to 2 years, following the loss of a spouse or loved one. By ensuring that mortgage payments are covered during this critical time, it helps protect seniors, loved ones, and those left handing affairs from the risk of losing their homes due to foreclosure from a death.
"I thought that what I had though my job would be enough to take care of my wife and our youngest son. After sitting down and reviewing the gap in coverage we actually had, we saw that there was not near enough to ensure she would be able to keep our house if I died or couldn't work due to being sick. We found a policy that fits into our budget and takes care of them if something happens to me"
-James Shelters | Oklahoma
How Does Critical Period Coverage Work?
When you purchase Critical Period Coverage, you'll pay a monthly premium based on the amount of coverage you need. Usually covering 6 months to 2 years of payments. In the event of your death, your policy will pay your mortgage payments, so your family won't have to worry about the bank foreclosing on the house. Giving them time to either sell, refinance, or keep the home.
Why Do I Need Critical Period Coverage For My Loved Ones When I Die?
Emotional Distress: When you're in a state of mourning, it may be difficult to think objectively and consider the long-term implications of financial choices.
Vulnerability to Exploitation: During times of grief, individuals may be more susceptible to scams, predatory lending, or high-pressure sales tactics.
Lack of Clarity: Dealing with the loss of a loved one often involves numerous administrative tasks, paperwork, and legal processes.
Financial Instability: Sudden loss often brings financial challenges. Making impulsive decisions without a comprehensive understanding of your financial circumstances can exacerbate the existing challenges and create long-term financial instability.
Take The Survey To See If You Qualify
(Only takes 30 seconds!)
Other Benefits of Mortgage Protection
Flexibility: You can choose the length of your coverage and the amount of your monthly premium.
Quick Payouts: Unlike traditional life insurance policies, mortgage protection policies typically pay out quickly, often within a few weeks of a claim being filed.
No Medical Exam Required: Some mortgage protection policies don't require a medical exam, making it easier for those with health issues to obtain coverage.
Take The Survey To See If You Qualify
(Only takes 30 seconds!)