Protect your assets with SLYKH Insurance LLC, with insurance

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Mortgage Protection Insurance is beneficial due to the security it offers to families upon the disability or death of a family member. Payouts are generally given directly to the mortgage to provide peace of mind during a time of transition of the death/disability. These type of policies are generally easier to obtain and afford.

When determining the type of Mortgage protection, consider:

What kind of protection is in place for your family?

If your spouse where to pass away, what would the financial situation look like?

Would you be able to stay in your home and provide for the rest of the family?

With Mortgage protection, there are a couple different choices:

The first option is a Full Mortgage Payoff

• Typically harder to qualify for depending primarily on age and health issues.

The second option is a Partial Mortgage Payoff

• Typically a more affordable option to obtain a partial coverage due to accidents or natural deaths.

The third option is an Equity/Critical Period

• Gives the beneficiaries a monthly payment for a set time (usually between 6 - 24 months) to allow time for grieving before having to decide future steps.
• Beneficial to individuals/families 65 years of age of older.

Life insurance comes in many different forms with the goal of protecting the family in the event of death, as long as premiums are paid. 

Whole Life Insurance

• Is available upon death benefits your whole entire life.
• If needed, cash value may be borrowed against policy.

Term Life Insurance 

• Pays out benefits if death occurs within the selected timeframe (most common choices are 10 years, 20 years, or 30 years)
• Common choice for young families to provide for their household.
• In many cases may change to whole/universal insurance at the end of the term if needed.

When deciding what type of insurance best fits your needed, consider is you spouse or children going to be able to afford basic costs of living? Will the children be able to continue higher education? What will your families financial situation be at the end of a decided term?

Insurance companies offer contracts that with provide a source of income, and can be purchased as fixed, variable, indexed, or immediate.

Depending on which annuities is purchased you can expect.

• Investment options
• A predictable income source 
• Tax is deferred until funds are pulled out