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CRITICAL PERIOD MORTGAGE PLAN
Is the Critical Period Plan right for me?
The Critical Period Mortgage Plan was developed to meet the needs of many of today's homeowners. It is a simple and easy way to provide coverage that can keep your family in your home if something were to happen to you. It allows your family time to decide what their options are for going forward without your income.
The key features of the coverage are the multiple benefits including life, accidental death and accidental disability (See brochure for details.), the flexibility of being able to keep your coverage in force even if your loan is sold or paid-off and the simplified underwriting (No medical exams, no doctors reports, no height and weight charts).
This program is a great supplement to your other insurance coverages, but is not designed to replace your life insurance. In fact this coverage helps to preserve your life insurance benefits for what you intended them for including childrens education, spousal living expenses or even funds for future medical needs.
If you feel that life insurance is what you really need, please contact us. We have many fine options available.
When it comes to giving your family the feeling of safety and security, there's no place like home. Your home is the biggest financial and emotional investment you're likely to make. So it makes good sense to be sure the ones you love can count on the special place you call home.
The Critical Period Mortgage Plan can help by providing a mix of coverages to pay your mortgage payment in a time of need. This affordable, easy to obtain mortgage protection is underwritten by Guarantee Trust Life Insurance Company of Glenview, IL and administered by First Service Group of Pittsburgh, PA.
Three coverages in one package
The benefit package includes three distinct coverages. These coverages include critical period life which can provide 18 monthly mortgage payments in the event of death, accidental death which provides for an additional $20,000 benefit if death was due to an accident and critical period accidental disability which provides up to 6 monthly payments in the event of disability due to an accident (See Product Brochure for more details).
Product features
* Easy application * Affordable premiums
* No medical exams * Joint coverage available
* No height and weight limitations * Smoker friendly
* Benefits paid directly to the borrower
*You can keep the coverage even if your loan is sold or
paid-off
Who is eligible for coverage?
You must be at least 18 and under age 61 to apply for coverage.
You must have a current real estate loan. Either a first or second mortgage, lot loan or mobile home loan repayable in principal and interest installments. (Home equity line of credit is NOT eligible.)
You must reside in one of the following states: CT, IL, IN, KY, ME, MI, MO, OH, PA or RI.
How much does it cost?
Rates are based on your monthly mortgage payment up to a maximum of $2,000. Click the link below to see sample monthly premiums based on your age, amount of your mortgage payment and whether you select single or joint coverage.
Critical Period Rate Chart
How do I apply?
In order to apply for coverage, you will need to complete an application. We are providing a link below that will open an application with fillable fields, so that you can complete the necessary fields on your computer. We have also "highlighted" the areas that you will need to complete. In addition, we are providing a printable step-by-step instruction sheet to further assist you.
Highlighted Application Application Instructions
What if you have questions?
Please feel free to contact First Service Group if you have any questions or need assistance. We are available by phone Monday thru Friday from 8:30 AM to 4:30 PM at 1-800-332-0800 or you can email your questions to info@fsgdirect.net.
The Right ThingAlways do the right thing. This will gratify some people and astonish the rest.
- Mark Twain