Life Insurance for Mortgage Payment Protection
Stephen "Steven" Campbell / Collin County
Mortgage Protection Life Insurance and Advanced Life Insurance Strategies
a Texas state-licensed field underwriter and life insurance agent
Four (4) Life Insurance Policies
for Mortgage Protection Insurance:
1) Permanent, Whole Life-Final Expense Insurance/Critical Period Mortgage Protection Insurance:
up to 30 months of payments
2) Term Life Insurance: 75% or 50% of Principal, Interest, Taxes, and Homeowners Insurance
(PITI) Mortgage Protection (for refinancing)
3) Term Life Insurance: Full 100% PITI Mortgage Payment Protection
4) Permanent, Indexed Universal Life (IUL), also for tax-advantaged cash value accumulation
and becoming your own banker/privatized banking
Five (5) Additional Areas of Financial Solutions Using Advanced Life Insurance Strategies:
1) mortgage and other debt reductions by using permanent life Insurance premium overfunding
under the modified endowment contract (MEC) limit to increase cash value in the policy
2) tax-aware, retirement income enhancement solutions
(know your pre-retirement - post-retirement income gap)
3) Trusts & Estates planning for homeowners, especially in states where homes
are at risk for the Medicaid Estate Recovery Program (MERP) because
the home is in an Expanded Recovery state where the solution is likely an
Irrevocable Medicare Asset Protection Trust (MAPT)
(Texas is not an Expanded Recovery state.)
4) supporting children and grandchildren to finance college education, wedding, first home, etc.
5) life event/annual life insurance reviews for performance and coverage needs
15 Hrs (Central Time) M-F 4:30-6p
By Appointment: M, W, Th 7-8:30p
Sa & Sun 2-3:30p