Personal insurance
A thoughtful way to consider protecting the people and home your family depends on.
Request a QuoteHow we can help
Talk through life insurance and mortgage protection options that may help your family keep up with home payments after a tragic loss.
Review coverage amounts, term lengths, and costs in the context of your household budget and mortgage.
Make a clear plan for the protection that fits your family’s priorities.
We can help you review available options and answer the questions that matter before you decide.
Mortgage protection explained
Mortgage protection is life insurance designed around your mortgage. If you die while the policy is in force, the benefit can give your beneficiary funds to help pay the mortgage, so your family has more options during an already difficult time.
It is not the same as homeowners insurance. Homeowners insurance helps protect the property itself from covered damage and liability claims. Mortgage protection is about the financial responsibility of the monthly payment.
Calderon Insurance Agency works with SFG Life for life insurance and mortgage protection conversations. Coverage, eligibility, benefits, and cost are subject to the policy and insurance company’s underwriting review.
Contact Our AgencyBuild a plan around your mortgage
We can compare a critical-period payment goal, a partial payoff, or a full mortgage payoff goal. The right amount depends on your balance, household income, health, and the choices you want your family to have.
6, 12, 18, or 24 months
A focused final-expense and mortgage-payment option to discuss with families, often including those age 65 and older or with health concerns.
Living-benefit focus: ask whether a qualifying critical, chronic, or terminal illness could allow early access to part of the benefit.
Partial mortgage payoff
A middle path that can help preserve choices and give the household more time to decide what comes next.
Living-benefit focus: consider whether an applicable rider could provide funds while you weigh care, work, and mortgage needs.
Full mortgage payoff
For families who want to explore a benefit amount designed to eliminate or substantially reduce the mortgage after a covered loss.
Living-benefit focus: review whether serious qualifying health events may allow an early benefit, which can reduce the amount later paid to beneficiaries.
Living benefits, in real life
If a policy includes an eligible living-benefit rider and a qualifying illness occurs, the policyholder may be able to access part of the death benefit early. Funds may be used where the family needs them most, subject to policy terms and approval.
A family could use eligible funds to keep mortgage payments current or reduce the mortgage while a parent takes time away from work for treatment, recovery, or caregiving.
Eligible funds could help reduce financial pressure while paying down part of the mortgage and covering utilities, groceries, deductibles, treatment travel, or in-home support.
When a serious health event changes a household’s income, eligible funds may help pay off the mortgage or create more choices around the home, care needs, and time to make decisions during treatment.
An illustrative example
Imagine a Lubbock family with a mortgage, two incomes, and young children. One parent experiences a serious covered illness and needs time away from work. If their mortgage protection policy includes an applicable living-benefit rider and they meet the policy’s requirements, they may be able to request part of the benefit early.
Those funds may help with mortgage payments, everyday bills, medical travel, or time away from work. Using an accelerated benefit can reduce what remains for beneficiaries later, so the family and their agent would review the policy details before making a decision.
This is an illustrative scenario, not a real customer claim or a promise of coverage. Benefits depend on the policy, rider, medical qualification, and insurance company review.
Living benefits explained
Living benefits are policy features, often called riders, that may allow access to benefits during a qualifying health event. They are not included with every policy, so we will help you review what is available.
With some policies, a covered diagnosis such as cancer, heart attack, stroke, kidney failure, or another condition named in the policy may allow you to request part of the death benefit early. The diagnosis, benefit amount, waiting period, and medical requirements are all determined by that policy.
Some policies may make funds available when a qualifying chronic illness makes everyday living more difficult or when long-term care is needed. Policies define these conditions differently and may use measures such as the ability to perform daily activities or cognitive impairment.
Some policies may offer an accelerated benefit if a terminal illness meets the policy’s medical and life-expectancy requirements. This can create flexibility for a family facing immediate expenses, but the amount and conditions are set by the insurance company.
Mortgage protection may be paired with riders that address disability, and some life policies include a waiver-of-premium option. A waiver of premium can help keep qualifying coverage in force if illness or injury prevents you from working, subject to the policy’s definition and waiting period.
Some term policies offer an optional return-of-premium feature. If you outlive the term and meet the policy conditions, it may return eligible premiums paid. Because this feature typically raises the cost of coverage, it is worth comparing it against a standard term policy.
Whole life and universal life policies may build cash value over time. Depending on the policy, you may be able to borrow against or withdraw from that value. Loans and withdrawals can reduce the policy value and death benefit, and may have tax consequences.
An optional accidental death rider may pay an additional benefit when death results from a covered accident, subject to the policy’s definition, exclusions, and timing requirements. It does not provide early access for illness, but it can add another layer of protection for the family after an accidental loss.
Important: using an accelerated benefit can reduce the death benefit available to your beneficiaries. Eligibility, benefit amounts, exclusions, fees, and availability vary by insurance company, policy, and state.
How families may use living-benefit funds
When a qualifying illness allows a policy benefit to be accessed early, families may use the funds where they need them most: mortgage payments, utilities, groceries, medical deductibles, travel for treatment, in-home care, or time away from work. The policyholder chooses how to use eligible funds, subject to the policy’s terms and benefit approval.
Life insurance companies
We represent these life insurance companies and can help you compare available mortgage protection options around your budget and priorities. Select a company to visit its website.
Company availability, underwriting, and policy features vary by product and situation.
A career in life insurance
Randy works with SFG Life to recruit and advise motivated people who want to build a career serving families through life insurance and mortgage protection. Whether you are already licensed or are ready to learn what it takes to get started, you can explore the opportunity with personal guidance from our team.
Life insurance sales can be pursued part time or full time. SFG Life offers agent resources, training, carrier relationships, and technology tools designed to support life insurance agents as they build their business.
What to expect in your first six months
This is a commission-only, 1099 opportunity, so there is no standard or guaranteed six-month income. Your results depend on licensing, the time you commit, the leads and conversations you pursue, carrier approval, and the policies you place. We can talk through the current opportunity and help you decide what a practical start looks like for your situation.
Mortgage protection insurance is a form of life insurance designed around the mortgage and the household that depends on it. If the insured person dies while the policy is in force, the benefit can give the beneficiary money to help pay the mortgage.
No. Homeowners insurance generally helps protect the home, belongings, and liability from covered losses. Mortgage protection is intended to help with the financial responsibility of mortgage payments after a covered life event.
Cost can depend on age, health, the amount and length of coverage, the mortgage amount, and the insurance company’s underwriting review. A conversation with an agent can help you compare options within your budget.
Some policies may offer benefits or riders related to disability or critical illness. Availability, eligibility, limitations, and benefits vary by policy and insurance company, so it is important to review the details before choosing coverage.
