Protect Your Family and The Home They Love - Mortgage Protection Workshop

Many people would like to accelerate their mortgage and pay it off sooner than the original terms. There are some distinct advantages to doing so, but how you go about it can make a difference. At New York Life, we have life insurance products which can help protect your mortgage and maximize your deduction today—and help pay off your mortgage later on. Some people commit to making an extra mortgage payment (prepayment) each year to pay down their principal faster. Another option is to purchase a whole life policy and use the cash value that builds up over time to help pay off the mortgage sooner in the loan’s later years. Whole life provides life insurance protection that lasts a lifetime and offers a tax-advantaged death benefit and cash value growth, so it can help you protect your mortgage and assist in paying it off sooner.

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