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This is an interesting product. The insurance industry, understanding people’s concern for leaving their family with
a completely paid-off house in the event of their death,
has devised a way to help you do this. Typically, we would use a term life insurance product—you pick the number of
years you want the coverage to remain in force, normally
matching the length of your mortgage. In the event of
your death, the company will pay the full face amount of
the policy to your named beneficiary, tax free. Your
beneficiary then has the option of either paying off the
home, or investing the money to develop an income to
make the monthly mortgage payment, allowing them to
maintain the tax write-off of the mortgage. IN ADDITION,
once the mortgage has been satisfied, your beneficiary still
has control and full use of the balance of the investment.

There are exciting options available such as:

• Disability Benefits

• Waiver of Premium

• Double Indemnity

• Ultimate Income

• Critical Illness

• Money Back
   

Protect your family!

Leave your name and phone number on the contact us page, and we will gladly get you the information that will help you make an informed decision as to which plan is best for you.
 

Home | Annuities | Long Term Care | Medicare | Life Insurance | Health Insurance | Mortgage Insurance | Contact Us

The Independence Group LLC
509 North Main Street, Mauldin, SC 29662
Phone: 864.254.0070      Fax: 864.881.4675