Your HomeIt's probably the largest single investment your family will ever make.
But it’s more than just an investment. It’s where your memories are, where your family feels safe, and where you have chosen to raise your family.
15-Year Mortgage Decreasing Term (15MDT)or 30-Year Mortgage Decreasing Term (30MDT)
But all that can change in the blink of an eye.If you die due to an unexpected accident or illness, your family will be left without your income. How difficult will it be for your family to make the house payment each month without your income?
Without you, could your family afford to keep your present home?Would they have to move to a smaller house, an apartment, or a less desirable area? Would your children have to change schools?
Where do you want your family to live when you die?
You've insured against losing your home due to fire. Shouldn’t you also insure against losing your home due to your death?
If you are like most people, you have purchased homeowner’s insurance to protect against a loss such as fire.
Did you know that a 35-year-old male is 4 times more likely to die before his home is paid for than to lose his home to a fire*? Doesn't it make sense to protect your family from losing its home?
chance of fire
chance of death before your home is
paid for
4 times greater
* Based on a 35-year-old male; U.S. Social Security Administration’s Period Life Table 2007; Journal of Financial Planning 2005, www.fpanet.org.
10
8
6
4
2
0
Some of the important features of Mortgage Decreasing Term u The 15MDT is available as a policy or rider for ages 18 to 65 in amounts of $20,000 and above. The 30MDT is
available as a policy or rider for ages 18 to 50 in amounts of $20,000 and above. Refer to the supplementary benefits brochure for details on riders.
u Your spouse can apply for coverage too.
u You may continue your coverage for the term selected even if you pay off your mortgage loan early or if you move.
u You can convert the amount of your life insurance in force to a permanent whole life insurance policy, until expiration of policy, without proof of insurability.
u Liberty National cannot cancel your policy. Your coverage continues during the term selected, as long as you pay premiums.
You can add these extra benefits for additional premiumPremium Waiver (PW): If you become totally disabled for at least six months prior to age 60, your premium will be waived. If total disability occurs after age 60, premiums are waived until age 65. Available for issue ages 18 to 59.
Accidental Death Benefit (ADB): Pays the ADB amount if the insured’s cause of death is accidental. Ages 1-17 can add an ADB amount equal to the face amount of the policy applied for; ages 18-59 can add ADB with a maximum benefit amount of $200,000. ADB coverage terminates at age 65.
Children's Insurance Rider (CIR): Term insurance, with or without ADB, can be added on the life of each child under age 19. Coverage on children begins at 15 days. Primary insured must be ages 18 to 59 at issue. Coverage continues to the earlier of the anniversary following the child's 25th birthday or expiry date.
This is only a brief description of Liberty National’s 15-Year Mortgage Decreasing Term (15MDT) and 30-Year Mortgage Decreasing Term (30MDT), Form ICC10T, TRM; Accidental Death Benefit, Form 6566; Premium Waiver, Form 5050; Children's Insurance Rider, Forms 6349 and 6350 (with ADB).
Your Agent is:
Protect your home.Here’s how Liberty National’s mortgage protection policy works:When you die, your beneficiary receives a lump-sum death benefit.
What this does for you:This policy provides the money your family needs to help pay off your mortgage.
The real benefit to you:Knowing your family can continue to live in the home it loves, and they can continue the lifestyle you’ve worked so hard to provide.
Don’t you think it makes sense to protect your family today?
R-3728-A
3700 S. Stonebridge DriveMcKinney, TX 75070
LNL1719 0910
In the event of any dispute, claim question, or disagreement arising out of or relating to this policy, the parties shall use their best efforts to settle such disputes. To this effect, they shall negotiate with each other in good faith to reach a just solution. If the parties do not reach a solution by negotiation as described above within sixty (60) days, then upon written notice by either party to the other, all disputes, claims, questions and controversies of any kind or nature arising out of, or relating in any way to, this policy, its subject matter, its negotiation, issuance or termination shall be submitted to binding arbitration pursuant to the provisions of the Federal Arbitration Act and according to the Arbitration Rules of the American Arbitration Association then in effect.
