Pay Off Your Mortgage Early

Would you like to pay off your mortgage early? Getting rid of that mortgage payment can really free up a lot of cash, not to mention the freedom that comes along when you are mortgage free. If you would like to pay off your mortgage early we can help in a very practical way. We call it mortgage acceleration and we achieve it with a custom Life Insurance policy designed just for you and your requirements.

Watch this helpful video on how to use this strategy to pay your mortgage off early and save money.

 

 

 

Mortgage Acceleration Really Works

Your family means the world to you. And your home is the center of it all. It’s where your children grow and thrive. Where relatives gather. And where neighbors turn into friends over backyard barbeques.

That’s why it’s so important to make sure your family will have the financial resources to keep living in your home, if something happens to you.

Proper life insurance planning can make the difference. Life insurance provides a death benefit your family may use to pay the mortgage and stay in your home, should they need it.

Plus, you can use the cash accumulation value to help pay off your mortgage early and reduce the amount of interest paid.

A Smart Strategy

1. You purchase a cash value life insurance policy and determine a proper funding amount to meet your goals.

2. Your policy accumulates cash value.

When the cash value equals the amount of your mortgage, you may use the funds to prepay a portion of  your mortgage or to pay it off. This can significantly reduce the amount of mortgage interest you pay. We will help you develop the entire strategy as we implement your financial goals.

3. If you die before paying off your mortgage, your beneficiary can use the tax-free death benefit to pay the mortgage off.

Proper life insurance planning lets you focus on what’s most important, creating new memories with family and friends.

Talk With Bender Advisors