Mortgage Protection insurance is specifically designed to pay off the mortgage debt in the event of a death or help make the mortgage payments in the event of disability. Most mortgage protection plans can be customized to fit every mortgage need, and can present an affordable solution. Not only does the widowed parent have to raise the child alone, but the surviving parent inherits all the financial responsibilities. Baby sitting, clothing, medical, and college funding are just a few of the many needs. A well planned Life Insurance program can protect a families well being, while giving each family member peace of mind.
Businesses rely on a few employees to keep the business running.
These employees may be Top Sales Reps, Company Key Executives, Department Heads, or any persons that in their absence, the business would suffer a financial loss. Key Employee life insurance plans protect the business in the event of a key employee death. With key employee insurance, the business is given a financial buffer so that a replacement can be found. Some businesses are owned by a few stockholders whom control the business. A buy-sell agreement is a legal document giving the right of purchase of the deceased shares to the remaining shareholders.