Mortgage Insurance is a fundamental financial planning strategy that provides:

->	Life insurance protection
->	Funds to pay down your mortgage in the event of your death
->	Flexibility if you change banks
->	Ability to change your policy as your needs change
->	A death benefit that is paid to your family, NOT the bank

This type of insurance is a good strategy for you if:

->	You have a need for life insurance protection for your mortgage
->	You want the flexibility to change banks to take advantage of interest rate promotions
->	You plan on changing your residence in the next 20 years
->	You want your family, not the bank, to have control over the death benefit

Mortgage Insurance from Bank or Trust Company Mortgage Insurance from McNally Financial You are insured under a group policy issued by an insurance company You are insured under an individual life insurance policy from your insurance company Your policy is subject to change of the insurance provider and the terms of the agreement Your insurance copmany cannot change the policy provision or the guaranteed policy premiums Your mortgage lender is the beneficiary You name the beneficiary of your choice The amount of insurance protection reduces as you make your mortgage payments The insurance protection never decreases unless you request a reduction The cost of insurance does not decrease even though the amount of protection does If you reduced your coverage, your payments will be reduced as well The insurance protection is not transferable and is limited to the mortgage you have for a certain property with a certain lender The protection stays in place when you change homes and mortgage lenders The insurance protection stops when the property is sold The protection stays in place when you change homes and mortgage lenders No changes are permitted under the plan You can make changes to your policy, including change of beneficiary, amount of coverage and conversion to a permanent insurance policy The insurance is not guranteed renewable for a new mortgage and, if you change financial institutions, you must provide new evidence of insurability Insurance protection is guranteed renewable to age 85 and you can keep it this long if you wish

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.