First time home buyers are in a exciting time in their life. They are taking a huge financial step to secure a stable home for their family or maybe just themselves. Whatever the case, it is a big investment. This is the kind of investment one must secure for their financial future. First time home buyers can do this with Paycheck Protection Insurance.
What Can Paycheck Protection Insurance Do For Me?
This type of insurance secures your paycheck when you aren’t able to work due to an accident, injury, or disability. This means that while you are not earning a paycheck, the insurance company is paying you money. This money can be used to pay for your mortgage payment. Paying your mortgage is essential if you want to keep your house and more important that any other bill you may have.
Paycheck Protection Insurance will help you secure the funds from your paycheck in order for you to continue paying your house. By having your house paid for while you aren’t working, you can concentrate on healing and recovering so that you can get back to work.
When Can I Use This Insurance?
This type of insurance is activated when you are hurt, ill, or disabled and can’t work to earn a paycheck. You would notify the insurance company and wait a period of time before you would start receiving money (the period of time is predetermined by you and the insurance company when you initially purchase the policy).
Some may find it hard to believe that they may not be able to work at some point. But, there are many reasons why you could not work and earn a paycheck:
- Car Accidents
- Brain Injury
- Sporting Accidents
- Work Accidents
These situations can cause you to be injured and/or disabled for a period of time. Some of these can take many months for you to properly heal and may even require physical therapy, etc. During this time, you will receive benefits (money) and will be able to pay for you mortgage, groceries, child care, car payment, etc.
What If I Don’t Have Paycheck Protection Insurance?
Without this type of insurance, you may run into a slew of problems if you aren’t able to work. It may be hard for you to come up with the funds to support your current lifestyle. How would you pay for your house and daily bills?
The majority of people without PPI have to:
- Take money from their savings
- Borrow from others
- Open several lines of credit
- Max out their current credit cards
Many people fall into home foreclosure and debt when they can’t work. This happens very commonly and can be prevented with Paycheck Protection Insurance.
Protect Your Home
Our advisors specialize in Paycheck Protection Insurance. We can help you design the perfect policy for you and your budget. Having this type of essential protection will not only protect you, but it will secure your home that you work so hard for.
Call us at (800) 788-8921 or fill out our quick Contact Form in order to be connected with an advisor today.