MORTGAGE REDEMPTION
Dear (Customer Name):
We have been reviewing your records to be sure that you are adequately protected in all areas. We see that you have a mortgage on your home that will run ( ) more years with an outstanding balance of ( ).
Have you considered how ( ) would continue to make the mortgage payments should you die suddenly? Could ( )? Or would ( ) be forced to put your home up for sale - to drastically alter your family's lifestyle as a last resort?
For just a few dollars - only (Dollar Amount) a month - you can protect your family against such a financial disaster.
You can apply for a Mortgage Redemption policy - a decreasing Term policy, in which the amount of the coverage will decrease during the years in much the same way as your mortgage does.
If you were to die tomorrow, the policy could pay ( ), an amount sufficient to pay the mortgage; in 5 years the policy would pay ( ); in 15 years ( )!
In addition, this policy offers the following special features:
Disability Premium Waiver - future premium payment will be waived should you become totally disabled anytime during the life of your policy.
Conversion Privilege - this allows you to exchange your reducing Term policy for permanent Cash Value Life insurance at any time without a medical examination. This is an extremely valuable feature should you prove to be unable to purchase Life insurance at some later date.
To apply, just take a few minutes to complete the attached application (fill in where I have put the check marks) and return it with the initial premium.
You may submit ( ) if you wish to pay monthly, quarterly, semi-annually, or ( ) for the full annual premium.
If you have any questions, please feel free to call me. I would be happy to review this policy with you.
Sincerely,
Enclosure