Recently in Disability Insurance Category
US Banks & Financial Institutions continue to take write-downs and report lower earnings due to the "Mortgage Mess". Predictions of more write-downs in this area follow predictions of more mortgage foreclosures.
Here's the question: If the mortgage servicers and the banks know that more problems are on the horizon, why aren't they more proactive in trying to help mitigate future losses by simple risk management?
Mortgage companies know that loss of income is the largest cause of loan delinquencies and foreclosures. Loss of income is generally caused by job loss and disability. Their customers (borrowers) who are already facing increased mortgage payments when their adjustable rate mortgages increase would really be financially disabled if they were suddenly unemployed.
Here's a possible solution: Job Loss Insurance / Disbility Mortgage Insurance - The Mortgage Safety Plan.
We're beginning to see interest from several smart mortgage servicing companies. They have wisely decided that they can offer this plan to their customers who really want this unique coverage. The bank is helping themselves and their customers. They both get another layer of protection.
John Hartline
800-562-8019
Here's the question: If the mortgage servicers and the banks know that more problems are on the horizon, why aren't they more proactive in trying to help mitigate future losses by simple risk management?
Mortgage companies know that loss of income is the largest cause of loan delinquencies and foreclosures. Loss of income is generally caused by job loss and disability. Their customers (borrowers) who are already facing increased mortgage payments when their adjustable rate mortgages increase would really be financially disabled if they were suddenly unemployed.
Here's a possible solution: Job Loss Insurance / Disbility Mortgage Insurance - The Mortgage Safety Plan.
We're beginning to see interest from several smart mortgage servicing companies. They have wisely decided that they can offer this plan to their customers who really want this unique coverage. The bank is helping themselves and their customers. They both get another layer of protection.
John Hartline
800-562-8019
Countrywide Financial is offering to renegotiate with tens of thousands of their mortgage customers whose mortgage payments are scheduled to increase dramatically soon, due to adjustable interest rates. Countrywide said they will contact more than 52,000 customers to try to "stave off pending foreclosure".
We applaud Countrywide's announcement. But we ask if they will encourage their customers to protect their loans with Job Loss Involuntary Mortgage Insurance, Disability Mortgage Insurance, or Mortgage Protection Life Insurance during this 'renegotiation process'.
If Countrywide is successful with this endeavor, the borrowers will have an opportunity to revisit their overall financial plan, and perhaps obtain information about the Mortgage Safety Plan, by visiting SalaryProtector.com, a site offering information about mortgage job loss unemployment insurance.
John Hartline
1-800-562-8019
We applaud Countrywide's announcement. But we ask if they will encourage their customers to protect their loans with Job Loss Involuntary Mortgage Insurance, Disability Mortgage Insurance, or Mortgage Protection Life Insurance during this 'renegotiation process'.
If Countrywide is successful with this endeavor, the borrowers will have an opportunity to revisit their overall financial plan, and perhaps obtain information about the Mortgage Safety Plan, by visiting SalaryProtector.com, a site offering information about mortgage job loss unemployment insurance.
John Hartline
1-800-562-8019
