Are you a homeowner looking to protect your family from potential financial disasters? Here's a guide to using a mortgage life insurance calculator to set you on the path to a great deal. 


Buying a home is easily one of the largest financial transactions that you will make in your lifetime but, if left uninsured and unprotected, your mortgage could quickly become your family’s biggest financial liability. Are you a homeowner looking to protect your family from potential financial disasters? Here'?s a guide to using a mortgage life insurance calculator to set you on the path to a great deal.

20/20 Mortgage Life Insurance is an effective way to stem the financial tide awaiting your loved ones after your untimely demise and is ideal for:

  • Newlyweds and young families.
  • Customers who don’t wish to deal with an insurance broker.
  • Clients looking for a simple and transparent insurance process without extensive medical questions.
  • Families who wish to add affordable coverage that will help them pay the mortgage payments in the event of an unexpected disability or long-term illness.

20/20 Affordable & Flexible Mortgage Life Insurance

At AIME, we have developed 20/20 Mortgage Life Insurance, a transparent, flexible, and affordable product that helps you financially protect your home and family in case of life’s most difficult and unexpected moments.

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Mortgage Life Insurance Calculator: How To Get a Great Deal

Mortgage life insurance is a fantastic way to financially protect your family in the event of your untimely death as it will allow for the full repayment of the outstanding balance, ensuring your loved ones will always have a roof over their heads.

However, despite its many benefits, MLI can result in a significant financial burden for homeowners over the course of your mortgage’s life so it’s important to consider multiple options, companies, and insurance amounts, before deciding on any specific product.

Using a Mortgage Life Insurance Calculator

While finding a mortgage life insurance policy and a price quote once required a licensed agent, you can now complete this process mostly online by using a series of innovative mortgage life insurance calculators and comparison tools.

A mortgage life insurance calculator takes into account all the different pieces of information that determine the average policy cost. Typically, all the mortgage life insurance calculator requires are the following key pieces of information:

  • The age and gender of the homeowner
  • Whether or not the homeowner is a smoker
  • The total value of the home and any land that comes with it
  • The total value of the mortgage balance
  • The length of the insurance policy you are looking for
  • The zip code of the home’s location

 

Why You Should Use a Mortgage Life Insurance Calculator

Once you have received an estimation on what your policy cost should be, it will be far easier to conduct a comparison-process between different companies. With a good idea of just how much your policy should be, you can become a more informed and confident consumer, aware of which policies are a great deal, and which are simply overpriced.

 

Why Work With a Licensed Agent Specializing In Mortgage Life Insurance

Once you have used the mortgage life insurance calculator to get an estimate on what your policy should cost, you may want to consider talking to a licensed insurance agent. These individuals work on behalf of companies to help potential clients navigate the often complex waters of buying MLI.

Some of the great benefits of working with an agent, include:

  • They can guide you through the entire process and help you find a product that perfectly suits your needs.
  • They will be able to inform you of any application updates so you know exactly where you are in the process.
  • They’ll navigate you through all the nuances of buying insurance to ensure you don’t face any nasty surprises.
  • They can discuss multiple types of insurance with you, including disability and critical illness coverage, to ensure your family is financially protected in any situation.

 

Call Today

To find out more about our flexible and affordable mortgage life insurance policies, and how we can find the most affordable and comprehensive product to suit all your individual needs, contact one of our licensed agents today at 866-617-9620 or fill in our online contact form.

 

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