Use Critical Illness Insurance To Pay Off Your Mortgage Early

Pay Off Your Mortgage Early with Critical Illness Insurance

Critical Illness Insurance with Return of Premium can help you pay off your mortgage early - even if you stay healthy!

How It Works

With a Return of Premium rider on your Critical Illness policy, you receive all your premiums back if you don't make a claim. This lump sum can be applied directly to your mortgage principal.

The Strategy

• Purchase Critical Illness Insurance with Return of Premium
• If you get sick, use the benefit to pay off your mortgage
• If you stay healthy, use the returned premiums to pay down your mortgage
• Either way, your mortgage gets paid!

Example

A 40-year-old male purchases $200,000 of Critical Illness coverage with Return of Premium. After 20 years, if no claim is made, he receives approximately $50,000+ in returned premiums - a significant contribution to paying off the mortgage.

Contact Barrons to learn how this strategy can work for you.