The Situation

You've just purchased a home and need life insurance protection for the mortgage. However, you require more flexibility than bank mortgage insurance.

The Strategy

Purchase a Term life insurance policy from McNally Financial and Insurance Group and name a family member as the beneficiary. The tax-free life insurance benefit can pay the mortgage amount when you die, while the balance of the benefit is paid directly to your heirs, free of probate tax and legal fees.

Mortgage Insurance Example - Compare for yourself! -> Learn about the differences between Mortage Insurance from a Bank and a Life Insurance Company and the various advantages McNally Financial and Insurance Group has to offer.

Benefits of Mortgage Insurance:

->	You are insured under an individual life insurance policy from your insurance company
->	Your insurance company cannot change the policy provisions or the guaranteed policy premiums
->	You name the beneficiary of your choice
->	The insurance protection never decreases unless you request a reduction
->	If you reduced your coverage, your payments will be reduced as well
->	This insurance protection stays in place even if the property is sold

How Do I Get Mortgage Insurance?

Please contact Peter McNally, Certified Financial Planner at McNally Financial and Insurance Group to find out about a Mortgage Insurance Policy that will fit your needs.