Is this different from the mortgage insurance my bank offers?
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Yes, when comparing PMI with the individually owned life insurance Generis offers. PMI protects the lender against borrower default. With the life insurance options Generis compares, you generally choose the beneficiary, who can use a payable benefit for the mortgage or other household needs. Other products called mortgage protection may use different benefit arrangements, so review the contract.
Can my family use the payout for anything, or only the mortgage?
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With the individually owned life insurance Generis compares, you generally choose the beneficiary. A payable death benefit can typically be used for the mortgage or other household needs. Other products called mortgage protection may direct benefits differently, so verify the policy terms.
Can I still qualify if I have health issues?
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Yes. As an independent advisor and broker, Kirt works with multiple insurance companies, each with different underwriting guidelines. Many people with health conditions still qualify for coverage, although approval and pricing depend on the individual situation.
How much does it cost?
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The cost depends on factors such as your age, health, coverage amount, and mortgage balance. Many homeowners are pleasantly surprised by how affordable coverage can be, and your free review includes personalized quotes from multiple insurance companies.
Is there a medical exam required?
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Many mortgage protection options do not require a medical exam. Depending on your health and the type of policy, simplified-issue and other coverage options may be available. Kirt can help you compare the options that may fit your situation.
Am I obligated to buy anything after the free review?
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Absolutely not. The complimentary review is simply a conversation. Kirt will explain the available options and, when appropriate, compare quotes from multiple insurance companies. There is no pressure to move forward. You decide if, when, and how you want to proceed.
I already have life insurance. Should I still request a review?
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Maybe. Many homeowners already have life insurance, but their needs may have changed since they first purchased coverage. A free review can help determine whether your current coverage still aligns with your mortgage balance, family situation, and financial goals. If your existing policy is still a good fit, Kirt will tell you.
What if I refinance my mortgage?
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Refinancing doesn't automatically mean you need a new policy, but it's a great time to review your coverage. If your mortgage balance, payment, or financial goals have changed, Kirt can help determine whether your current coverage still meets your family's needs.
Can smokers qualify for mortgage protection?
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Yes. Many insurance companies offer coverage for smokers, although premiums are generally higher than for non-smokers and each company evaluates applicants differently. Kirt compares multiple insurance companies to help you identify competitive options based on your health and lifestyle.
Can I qualify with diabetes or other health conditions?
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In many cases, yes. Every insurance company has different underwriting guidelines, and many applicants with diabetes, high blood pressure, or other health conditions still qualify for coverage. Your options depend on your individual situation.
Is the life insurance payout taxable?
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In most cases, life insurance death benefits are generally paid income tax-free to your beneficiaries. However, every situation is different, so it's always a good idea to consult a qualified tax professional regarding your specific circumstances.
How long does it take to get coverage?
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It depends on the insurance company and the type of policy you choose. Some applicants may be approved within days, while others may take longer if additional underwriting is required. During your complimentary review, Kirt will explain what you can expect based on your situation.
Can I get mortgage protection after I've already bought my home?
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Yes. You don't need to purchase mortgage protection when you buy your home. Whether you've owned your home for a few months or many years, you may still be eligible for coverage. Your options depend on factors such as your age, health, mortgage balance, and the type of coverage you're looking for.
