Mortgage Insurance

Creative Financial Partners carries a wide variety of mortgage protection products. Typically, mortgage protection insurance is quite different from basic term life insurance. Mortgage Insurance offers the following:

1) Mortgage Life insurance protection on both people in the amount of the mortgage payoff.
2) Some Mortgage Life Insurance products have a disability income benefit in the amount of your monthly mortgage payment
3) Some mortgage life insurance products offer an optional rider that provides "refund of all premiums paid" at the end of your mortgage period. The insurance company simply sends you a check for all premiums you paid to the insurance carrier during the term of the loan.

Looking to help protect your home and family’s dreams in the unexpected event of your death? Match your remaining mortgage years with Select-a-Term life insurance which offers premiums that do not change while you payoff your mortgage

Owning a home can be pricey, protecting it with term life insurance is not.

Scenario 1

Scott, 38, and Debra, 32, work hard to provide for themselves and their children. They live in a family-friendly neighborhood with excellent schools and recreational opportunities. They have 23-years remaining on a $500,000 mortgage. It is important to them that if one were to die, the other would have funds to help pay the mortgage so the family could remain in their current home.

A solution

With 18-term duration options, Select-a-Term allows Scott and Debra to match their policies’ length to the 23 remaining years on their home mortgage. This flexibility allows them to only pay for what they need. In the unfortunate event that Scott or Debra passes away during their policy’s duration, the death benefit is tax-free.2

1 Not an actual case. Hypothetical representation for illustrative purposes only.

2 Term Life death benefits are excludable from your beneficiary’s federal taxable income under most circumstances.

Call us today for your specific factual situation.

Policies issued by American General Life Insurance

Company (AGL), Houston, TX except in New York,

where issued by The United States Life Insurance

Company in the City of New York (US Life). AGLC202494

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Home prices have risen, while Select-a-Term premiums have declined. As with most things, the cost of a home mortgage has risen over the past 15-years. While protecting that same home mortgage with Select-a-Term life insurance has become less expensive.From 2008-2024, the average price of a home has risen 31%3 while the price of Select-a-Term has decreased 48%.4. This allows you to get more coverage today for less money. It’s a great time to purchase customizable coverage withSelect-a-Term to help protect your mortgage and family!

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3 House prices based on the Federal Reserve Economic Data, Economic Research Division, Federal Reserve Bank of St. Louis, average sales price of houses sold in theUnited States, dollars, quarterly, not seasonally adjusted. Price adjustments to 2024 dollars via MeasuringWorth.com using its calculator with CPI data.4 Male, age 40, Preferred Plus Non-Tobacco, Select-a-Term $500,000, 20-year duration. Premiums adjustments to 2024 dollars via MeasuringWorth.com using itscalculator with CPI data

Policies issued by American General Life Insurance Company (AGL), Houston, Texas except in New York, where issued by The United States Life Insurance Company in

the City of New York (US Life). Policy Form Numbers: ICC21-19311 Rev0321, 19311, ICC21-19310 Rev0321, 19310, 19311N-33 Rev0321, 19310N-33 Rev0321, Rider Form Numbers:

ICC14-14012, 14012, 14012N, ICC23-23601, 13601, 13601N, ICC14-14001, 14001, 14001N, ICC22-22995, 22995, 22995N. Guarantees are backed by the claims-paying ability of the

issuing insurance company and each company is responsible for the financial obligations of its products. Products may not be available in all states and features may vary by state.

Please refer to the policy for more information.

All companies above are wholly owned subsidiaries of Corebridge Financial, Inc. Corebridge Financial and Corebridge are marketing names used by these companies.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting, or tax advice, nor is it intended to

make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal,

accounting or tax advice consult the appropriate professional.

AGLC202494