As a conservative wealth management planner with Pacana Conservative Wealth Management in Tennessee, Chester “C. Edziu” Pacana advises clients on conservative investment strategies with the goal of helping them to secure a reliable retirement income while protecting their principal. Chester Pacana is highly knowledgeable about several forms of life insurance products, including mortgage protection insurance (MPI). MPI covers mortgage payments if a policyholder becomes unable to do so due to job loss, illness, or injury. Most plans will also pay the mortgage outright if the policyholder passes away. Since MPIs and other term life insurance benefits can overlap, there are a few situations where MPI may be a better choice. While the payout goes directly to the mortgage lender, MPIs can provide peace of mind to families that rely on one breadwinner. Further, people with severe health conditions who cannot obtain traditional life insurance are more likely to qualify for an MPI policy, which is usually granted without a medical examination. Additionally, people in dangerous professions can take out an MPI policy to ensure that a workplace injury won’t put their family home at risk.
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AuthorChester Pacana - Experienced Conservative Wealth Management Planner. Archives
July 2019
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