Once in a while, life throws us curve balls. If the proper protection isn’t in place, the damage can be expensive. That is why insurance exists. Symmetry Financial Group isn’t just a life insurance company or one that offers mortgage protection, critical illness insurance, or disability insurance; the company also helps clients plan for retirement and even work toward a debt-free life. Everything needed to thrive financially is under one roof.
If you aren’t already insured or you are under insured against the damages that can occur if you become sick with a critical illness or disabled, it’s time to protect yourself. Mortgage protection is one of the ways to do that because it keeps you and your family from losing your home in the event of disability, illness, or death.
Using Mortgage Protection to Keep Your Home
Symmetry Financial Group offers a variety of insurance vehicles that give you financial protection against unknown events. However, mortgage protection is one that can save you from a great deal of financial heartache if you experience an unexpected reduction or loss of income.
It’s a sad fact that unforeseen circumstances, such as disability or injury, cause some people to lose their homes to foreclosure. It’s very difficult for someone who is sick or disabled to move everything they own. Plus, having to move out of the home means entering the world of renting until buying a home becomes a possibility again. Sometimes, disability or injury prevents a person from getting back on their feet enough to purchase another home later down the road. Losing the one investment you’ve worked so hard for would be a heart-wrenching situation. That’s why it pays to combine mortgage protection against other insurance vehicles that Symmetry Financial Group offers.
The different types of protection include:
- Critical Illness Insurance
If you are diagnosed with a critical illness, earning capacity can be seriously compromised. When being sick with cancer, the aftermath of a heart attack, or another health crisis, this insurance will pay a lump sum of money that will help you pay your expenses.
- Disability Insurance
In the event that you become disabled, disability insurance replaces a significant portion of your income so you can make ends meet. Another term for this type of coverage is “paycheck protection.”
- Life Insurance
Life insurance is designed to protect your family when you die. A permanent life insurance policy pays death-related expenses and can also take care of debts. However, Symmetry Financial Group also has a program that can lead you to a debt-free life without spending more money. That way you can live the rest of your life with no debt and your family can receive more from your life insurance policy payout.
Mortgage protection insurance can also serve as a type of life insurance in that it pays off the mortgage in the event of your death. This ensures that your family is able to stay in the home. With the mortgage paid off, your family is relieved of the financial burden the payment places on a situation that is already very volatile due to loss of income.
Protecting Yourself Helps You Plan for the Future
When you use mortgage protection to protect yourself, home, and family against unexpected events, you’re keeping more money in your pocket. This is important when planning for retirement, saving for your child’s college education with Symmetry Financial Group’s SmartStart program, and working toward having a debt-free life.
Imagine you’re working on eliminating your debt so you can travel the country after you retire. One day you go for a regular checkup with your doctor and something is found in your blood. Further tests reveal you have cancer. This means several months to a year of treatment that is going hit you financially in the way of reduced income and medical expenses. Critical illness insurance can pay a lump sum that will help you pay your expenses throughout your treatment. Mortgage protection will pay off your mortgage so more of your income is freed up to pay living expenses and medical bills.
Although you might be healthy and feel as if nothing bad is going to happen, you simply never know what is around the corner. When something does happen, you’ll be grateful that you prepared for the future and covered yourself so that you and/or your family can focus on getting back on your feet and not on how you’re going to pay the bills.