Various Types of Life Insurance
Life Insurance for NJ individuals and families can be available in various forms. A good option for
homeowners with a mortgage is Term Life Insurance in the form of Mortgage Protection Insurance. This kind of Term Life Insurance helps protect your home if you suffer a financial hardship. This may be due to a death in the family, a serious injury or illness, or a temporary loss of income. Whatever the reason, Term Life Insurance in the form of Mortgage Protection Insurance is worth exploring. Bogle Agency Insurance, located in Lyndhurst NJ, has been serving individuals, families and businesses in Bergen County as well as surrounding NJ counties for over 100 years, let us help you find the best form of Life Insurance that would fulfill your needs. Protect your mortgage with NJ Term Life Insurance.
An alternative way to protect a mortgage is with Mortgage Life Insurance. There is a difference between these two options. With Mortgage Life Insurance, if you die the mortgage lender gets the balance of your mortgage and your survivors get nothing. With Mortgage Protection Insurance (discussed above in previous paragraph) the beneficiary of the policy who is someone you have chosen, would receive the proceeds which they can use in any way they like.
How Does Mortgage Protection Insurance Help Me?
Mortgage Protection Insurance can help you in the following ways:
1. Your mortgage can be paid off in the event of death.
2. Your monthly mortgage payments can be made during a family crisis such as injury or temporary loss of income.
3. Proceeds are tax-free to the beneficiary and can be used in any way they choose.
A Good Guide is Essential When Choosing Any Form of Life Insurance
If you are in the market for Life Insurance, professional guidance is worthwhile as there are so many forms of Life Insurance. The experienced agents at Bogle Agency Insurance offer sound advice and are always ready to guide you through the process. The knowledge that your home will be protected in the event of your decease or serious injury or loss of income, can bring peace of mind. Call Bogle Agency Insurance today, we can be reached at (201) 939-1076.