Mortgage Life Plans |
Flex Mortgage
- A point-of-sale decreasing term Mortgage Life Plan. Three
modes of premium payment (advanced, annual, or monthly) has
no impact on loan servicing, premiums can be collected and commission
paid no matter whether loan is serviced or sold-portable. Simplified
application and underwriting. |
Amount of Coverage |
Term Length |
Age |
$1,000 - $500,000 |
120-360 months
|
18-64 (Exit age - 74) |
|
Medical questions asked or evidence of insurability required
for all amounts. Home office approval required. |
|
Line of Credit - A seven year
annual renewable term plan, which insures the entire line of
credit. Annual premium and coverage remain fixed throughout
the seven years. |
Amount of Coverage |
Term Length |
Age |
$1,000 - $150,000 |
84 months
|
18-59 (Exit age - 66) |
|
Simple to use - with application and disclosure documents
printed on your computer. Call for a sample CD. |