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Buying a home is one of the biggest milestones in life; People across the nation understand the necessity to protect the new asset, by installing expensive security systems and upgrading the outdoor lighting to prevent vandalism and theft. Many forget the most important thing, protecting a family’s ability to make the mortgage payment should something happen affecting the families finances.
Over 83,000 foreclosures happen every single month in America (FDIC), many are the result of a deaths in the family. Equity in the home is one of most valuable assets Americans have.

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Our team at Family Group USA developed a Life Insurance Range of Need Calculator to help families minimize exposure to Financial risk.

• Protecting the equity in case of death or disability is crucial.

Plans are available that can pay off the entire mortgage if either spouse passes away.
Programs can be designed to make six months to three year of mortgage payments if a spouse intends to sell the home.

• Protect income in case of disability or illness.

Income protection plans ensure a family will have money available to pay monthly expenses no matter what. Protection Plans Include: Death, Disability, Critical Illness (Cancer, Stroke and Heart Attack).

• Protection Owned by the family.

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Mortgage Protection is a competitive market place, it is important to understand who a program benefits. Many ‘through the bank’ policies pay a lender directly and the protection may not transfer if the mortgage is sold to another company.

To help Families minimize exposure to Financial Risk our Team at Family Group USA developed this Life Insurance Range of Need Calculator To Identify what Protection Families Needs.

What is your relationship status?
What is your Approximate Households Income Ratio?
Do you have children?
How many Children do you have?
Are any of your children under 25?
Do you have a mortgage?
Approximately how large is your Mortgage?
Following your death does someone plan to stay in the home?
What is your employment status?
What is your Approximate Income?

Do you have anything set up for your Final Arrangements?
(Regardless if you plan to be buried or cremated).

Do you have any Life Insurance in force?
What type of coverage do you have in force? (Check all that apply).
What are the goals for this protection?

Retirement Accounts can often be used to offset the need for Life Insurance;
Do you have anything set up for retirement?

Are your Retirement Savings exposed to Market Risk?