X

The Home Path™ Solution

Using term life as a basis, we have made a Home Path™ solution for those who want to provide their family with the opportunity to stay in their home if something happens to you.

Path Protector Plus™ Term Life with the Home Path™ Solution

Many people choose to buy a life insurance policy for the period of time it will take to pay off their mortgage. When you select the Home Path™ solution, premiums are guaranteed level for your selected initial term period, and you can choose between a 15- or 30-year term period. The policy may be renewed after the initial term period at annually increasing rates until age 95.

Also included are an Accidental Death Benefit (if underwriting guidelines are met), a Terminal Illness Accelerated Death Benefit, and a Conversion Option, providing flexibility to adapt your policy to your changing needs with the ability to convert to a permanent life insurance plan through the earliest of the initial term, the 20th policy year or age 70 without evidence of insurability.

The Home Path™ Solution in Action

Adam, 26, and Jenny, 24, have just moved into a new home together. They now have a $150,000 mortgage to think about and want to ensure that if something were to happen to one of them, the other would not lose their home due to inability to make mortgage payments.

Solution:

Using the Home Path solution, Adam and Jenny can acquire two 30-year Path Protector Plus™ Term Life policies with $150,000 death benefits, naming each other as beneficiary, to match the 30-year, $150,000 mortgage they have on their house for a combined monthly premium of $30.851. Unlike mortgage credit insurance where the face amount decreases as your mortgage decreases, the face amount of Path Protector Plus™ Term Life remains at full value allowing your survivors to pay off the mortgage and still have funds available for other expenses. They can find peace of mind in knowing that if one of them were to die, the other would receive the death benefit and be able to pay off the mortgage.

Other Term Life Insurance Options

Young couple in front of new house

Family Path™ Solution

Learn More
Happy older couple

Retirement Path™ Solution

Learn More
Happy multi-generational family

Path Protector Plus™ Term Life

Learn More