William Penn Life, 1983 (18. évfolyam, 1-4. szám)

1983-01-01 / 1. szám

Keep your Home in the Family and your Family in your Home!

WILLIAM PENN’S JOINT LIFE MORTGAGE PROTECTION

Your home is an important investment. You chose it carefully. Assure your family that they will be able to keep your home if you should die or become disabled.

Right now you can keep up the mortgage payments on your home without too much trouble.

BUT — what happens to your wife and family if something tragic happens to you? Could she keep up the mortgage payments?

What are your chances of not living to pay off the mortgage?

Your Age When Loan Made

Chances of Death Within 20 Years

Chances of Death Within 25 Years

30

1 in 14

1 in 8

35

1 in 9

1 in 6

40

1 in 6

1 in 4

45

1 in 4

1 in 3

OR, supposing your wife died first. Wouldn’t it be a financial convenience to have the mortgage paid off on her death?

Someone once defined security to a family as meaning “being able to continue to live in their own world.’’

The world is your and their home.

You insured your home against fire. Yet only one home out of 1200 is ever destroyed by fire.

BUT — if you are 35, the chances are 1 in 6 that you’ll die before the mortgage payments end on a 25 year mortgage.

Whom would you rather protect? The mortgage company or your family? The answer is obvious. But, to get the

loan you have to buy fire insurance to protect their investment. If your home burns, benefits you paid for are payable to them.

Here you do have a choice — you can . . . keep your home in your family and your family in their home with William Penn’s Mortgage Protector.

YOU INSURE TWO LIVES — JOINT LIFE PROTECTION. Both husband and wife are insured. If either of you dies, the other receives a cash benefit and emergency money to pay off your mortgage. Your home is protected. If both insureds die simultaneously, the death benefit is doubled and paid to your survivors.

YOUR PROTECTION FOLLOWS YOUR MORTGAGE BALANCE. The benefit schedule in both plans is amortized at a 14% rate. Some mortgages are more — a few are less. You can have the right protection for the right period of time.

HERE’S MORE OPTIONAL PROTECTION. While you protect your important investment — your home — your plan will protect you in the event of disability. If you become sick or hurt and cannot work, under your Joint Mortgage Protector, your premiums will be waived if you are totally disabled for 6 months. Waiver of Premium will continue until your total disability ends.

AND, AS ANOTHER OPTION YOU MAY RECEIVE MORTGAGE DISABILITY INCOME PROTECTION which pays you cash each month to make the mortgage payment when you are sick or hurt and cannot work.

GOOD IDEAS IN INSURANCE IS WHAT WILLIAM