What is Mortgage Protection?

Mortgage insurance is protection to ensure that your family will never lose their home, even in the event of a tragedy. If you die, the insurance will pay off your mortgage. And, if you are hospitalized because of an illness or disability, mortgage insurance can make your monthly house payment for up to two years. Even if you refinance, your coverage stays in place. With a mortgage protection plan, your family's future is secure.

Are My finances on track?

Here is a great article on cnnmoney.com, http://asktheexpert.blogs.money.cnn.com/2008/06/17/are-my-finances-on-track/?section=money_pf

Are you on track? Need help in accumulating and protecting your retirement? Click here. We can help.

What are Equity Index Annuities?

This annuity is not a security, as you might suspect, but it is classified as a single-premium traditional annuity. It is an annuity because it meets the strict insurance department requirements for interest guarantees and guarantees against loss of principal, and it provides traditional annuity benefits.

No-Loss Provision
The first and possibly most-attractive provision of equity index annuities is the no-loss provision. This means that once a premium payment has been made or interest has been credited to the account, the account value will never decrease below that amount. This provides safety against the volatility of the S&P 500.

Interest Guarantees
The next benefit that appeals to many people is interest guarantees. Most policies have a cap (the maximum interest rate that can be credited to a policy in a policy year) and a floor (the minimum interest rate that can be credited in a policy year). The cap rate can vary from no cap to a fixed percentage, but the floor is generally zero. This allows the policyholder to benefit from potentially high returns and be guaranteed at the same time that no money will be lost.

Competitive Rates of Return
With concerns over inflation and making sure that investments will meet our future needs, many people have turned to the equity market for higher returns. It makes sense when you consider how well the S&P 500 index has performed historically.

Traditional Annuity Benefits
Equity index annuities offer the same benefits as traditional annuities. Notable among these are tax-deferred growth and early withdrawal of funds without penalty. This early withdrawal is usually conditioned upon the annuitant’s death or admittance to a nursing home.

Note that most annuities have surrender charges which are assessed in the early years of the contract if the owner surrenders it before the company has had the opportunity to recover its costs. The earnings portion of withdrawals are taxable as ordinary income and, if made prior to age 59 ½ are subject to a 10 percent penalty.

Equity index annuities typically offer other benefits that are not generally included in traditional policies: a 100 percent money-back guarantee, no front-end sales charges, and no annual management fees or administrative fees. However, equity index annuities can contain mortality and expense charges, cost-of-insurance charges, and administrative fees. Equity index annuity values fluctuate with changes in market conditions.

Overall, equity index annuities are single-premium annuities that are performance-linked to the S&P 500 stock index. They guarantee security of principal and credited interest, and many don’t have a cap on earnings. When you consider the performance of the S&P 500, these annuities look even better.

Guarantees are provided by the issuing insurance company. The Standard & Poor’s Composite Index of 500 stocks is generally considered representative of the U.S. stock market. The performance of any index is not indicative of the performance of any particular investment. Individuals cannot invest directly in any index. Past performance is no guarantee of future results.

Why is Mortgage Protection Insurance so Important?

Imagine the worst case scenario. A fatal accident today would force your loved ones to immediately experience financial hardship. On top of your final expenses, the mortgage is due, but your family has no way to pay it without your income. They haven't even had enough time to grieve and now they have to deal with the impending tragedy of foreclosure.
Like most life insurance, mortgage protection insurance eases the financial burden of your loved ones. It is an affordable way of ensuring that your home is paid for no matter the circumstances. Cancer, stroke, heart attack, injury, death… your family will never be in jeopardy of losing its home as long as you put a custom mortgage protection insurance plan in place.
If you’re a homeowner, you can obtain a free mortgage protection insurance quote by filling out the form to your right. Our team of highly skilled mortgage protection specialists will work with you to develop a plan that fits your budget and coverage needs. Click here for a quote

Here is how powerful our leads are: (This is an email from one of our agents)
I got a lead that was for a $15,000 mortgage for a 68- and 69-year-old couple. I got to their house and presented a $20,000 Strong Foundation for the husband and wife. It ended up being about $110 a month and that worked for them.

I then mentioned the Headstart program. It turned out that they had a grandson who passed away recently at the age of 14 so they understood the need for the coverage and liked the cash value aspect of it. At first it started out for just two grandchildren. About five minutes later I was writing Passport for 6 grandchildren and 1 great-grandchild. I had to reschedule my last appointment because I had so many apps to fill out!

That night I finished with 9 apps for about $3700 AP.

I went back the following morning to get all the illustrations signed, and the wife told me that she has another house that she pays for but her son lives in. She wanted to could cover that too… That morning I walked out with 7 signed illustrations and an additional $1,200 in production. I ended up with 11 policies from 1 lead that most agents wouldn’t have called because it was a small mortgage on "old" people.

Never judge a lead because of age or mortgage amount. You might be blowing off $3,000 in commission.