Get My Protection Options
Takes about 60 seconds. A licensed agent will contact you, usually the same business day.
Protect Your Home and Your Family's Income
Your mortgage is likely your biggest monthly bill. If something happened to your income, would your family be able to keep the home? Tell us a little about your situation and a licensed agent will walk you through simple, affordable ways to protect it. No pressure, no obligation.
FAQ
Mortgage and Income protection
Common questions and answers. Don't see your question/concern? Contact us today.
What is mortgage and income protection?
Mortgage and income protection is a life insurance plan that helps your family keep their home and their lifestyle if something happens to you. If you pass away, the benefit is paid to your loved ones, tax-free in most cases, and they can use it however they need: to pay off or keep up with the mortgage, replace your paycheck, or cover everyday bills. Some plans also include living benefits, which can help if you become seriously ill or injured, depending on the policy and your state.
Is this the same as PMI or mortgage insurance from my lender?
No, they're different. PMI (private mortgage insurance) and the mortgage insurance some lenders offer protect the lender, not your family. PMI is typically required when you put less than 20% down, and it covers the lender's loss if you stop making payments. Mortgage and income protection is a life insurance plan you own. If something happens to you(death or qualifying illness), the benefit goes to your loved ones, and they decide how to use it, whether that's the mortgage, bills, or replacing your income.
Does it cost anything to talk to you?
No. Requesting information and speaking with a licensed Kingdom Wealth agent is free. You only pay for your policy premium if you choose a policy and it's approved. The policy premium depends on your age, health, the amount of coverage and the type of policy. Many young, healthy families find that a policy to protect a mortgage costs less than they expected. A licensed agent can give you real numbers for your situation, with no obligation.
Am I too young or healthy to need this?
Being young and healthy is actually the best time to look at it, because rates are generally lower when you're younger and healthier, and a rate you lock in can stay the same for the length of the policy. Most people with a mortgage and a family depend on one or two incomes, so the plan protects what you've already built.
Do I need a medical exam?
In most cases: no. However, It depends on the plan and carrier. Some require an exam and some use a health questionnaire instead, and your answers affect which options you qualify for after they are compared to your medical record. Your agent will tell you what applies in your case before you decide anything.
What happens after I submit the form?
A licensed agent from Kingdom Wealth will contact you, within 24-48 hours, by the method and time you chose. You'll go over your situation with your licensed financial professional. Then, we will get to work and shop over 25 A rated carriers for the best plan that may fit your situation (pending approval). Once we have all of your options ready, we will reach out and review together. You then decide at your own pace. We believe in life long partnership, not selling. There's no pressure and no obligation to buy.
