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Safeguarding Your Home and Future

Using Life Insurance to Maximize Your Mortgage Protection

When it comes to protecting your mortgage and your family's financial security, many homeowners opt to purchase insurance through their lender. We are eager to share an alternative option that may be even more comprehensive and beneficial for you: purchasing insurance through a life insurance company!

Why Choose Life Insurance Over Mortgage Insurance?

Life insurance and mortgage insurance are two different types of insurance policies that serve different purposes. Life insurance is a contract between an individual and an insurance company that pays out a death benefit to the beneficiaries of the policyholder in the event of their death. Mortgage insurance on the other hand is a type of insurance that protects the lender in the even that the borrower is unable to make their mortgage payments and defaults on their loan. Life insurance is intended to protect the policyholder’s loved ones, while mortgage insurance is intent to protect the lender’s financial interests.

At Matte & Associates Financial Solutions, we offer comprehensive insurance packages that not only protect your home, your mortgage, and other debt needs, but also ensure the financial security of your family in the experience of unexpected events.

  • One major benefit of purchasing insurance through a life insurance company is that the death benefit never decreases in value. Unlike lender-provided insurance, which is tied to the value of your mortgage, a life insurance policy's death benefit will remain constant. This means that even if your mortgage balance decreases over time, your beneficiaries will still receive the full death benefit.
  • Another advantage of purchasing insurance through a life insurance company is that you are in control of your policy. With lender-provided insurance, the terms and conditions of your policy may be dictated by your lender. However, with a life insurance policy, you have the freedom to choose the coverage that best suits your needs.
  • Additionally, when you purchase insurance through a life insurance company, your beneficiaries will receive the funds to do as they wish. This can provide them with much-needed financial support during a difficult time. They can use the funds to pay off the mortgage or use the money for other expenses or financial goals.

Why is Life Insurance Cheaper than Mortgage Insurance?

Purchasing insurance through a life insurance company is typically cheaper than purchasing through a lender. Since a life insurance company specializes in insurance products, they can offer more competitive rates than a lender who may not have the same level of expertise. So, how much coverage do you need?

What Level of Life Insurance Do I Need?

At our firm, we pride ourselves on providing a comprehensive selection of insurance options to suit your needs and budget. From basic life coverage to our most popular package, which includes protection for life, disability, and critical illness, we have something for everyone. Let us help you find the perfect insurance solution for you and your family. 

How Do I Get Started?

If you would like Matte & Associates Financial Solutions to contact you with personalized insurance options to cover your mortgage and more, please fill out the information request form linked below. There is no obligation associated with your inquiry, simply information for you to make the best choice!

Insurance Information Request


The team at Matte & Associates Financial Solutions