Why You Need Mortgage Disability Insurance [mortgagecalculator-tips.blogspot.com]
Angela Calla, AMP of the year in 2009 Mortgage Expert with Dominion Lending Centres and Desiree Dupuis of Three Sixty Financial Group discuss the 3 most common questions when it comes to considering life and disability insurance. Visit www.angelacalla.ca or www.threesixtyfg.ca for help with your mortgage or insurance questions.
mortgagecalculator-tips.blogspot.com Angela Calla talks life & disability insurance on your mortgage
Mortgage disability insurance has become a great option for families who are worried of an accident occurring and leaving there family in a financial crisis due to them being incapacitated or unable to work. Not being able to work and bring in an income to help make he mortgage payments can leave any family in financial ruin. This is a great reason to consider a disability policy to help protect everyone in the home. If the house that is being lived in is the largest asset that the family owns than this should be a number one priority to consider.
Some business offer disability insurance for there employees. These policies should be looked at very carefully due to the fact that they are normally written in favor of the insurance company and not the policy holder. There are sometimes many loopholes in a business disability plan like how many hours a week an employee works or how many years they have worked for the particular company.
All these factors can void the employees disability benefits so one must make sure they qualify. One must do there due diligence to make sure they check the policy over with an attorney to make sure they are fully covered in case of an incident. It is well worth the $ 100 you will pay for an attorney's consultation.The purpose of mortgage disability insurance is to give the insurer peace of mind that they will be covered in case of a serious event. The United States government can also help in case of a disability or impairment as well. This is part of the social security that one pays as part of his or her paycheck through there paycheck. It is possible to receive social security benefits early if someone is disabled in there job, work place, or struck by a sudden illness.
It is just not easy to qualify for social security benefits and the process is very time consuming. A house can be lost way before a decision is reached by the government which should make it the last option. Suggest Why You Need Mortgage Disability Insurance Topics
