Unity Life Group | Life Insurance, Mortgage Protection & IUL

Mortgage protection is life insurance built around your home. If something happens to you, it makes sure your family can stay in the house you worked so hard for. There are two ways to set it up, and we'll help you pick the one that fits.

About 95% of our clients choose this Option 1

Equity Protection

Permanent whole life coverage structured to cover your mortgage payments for a set period, so the bank never has a reason to foreclose.

How it works → Option 2

Full Pay-Off

Term life coverage large enough to pay off the entire mortgage balance if you pass away during the term.

How it works →

Option 1: Equity Protection

This is the option about 95% of our clients go with. Instead of buying enough coverage to wipe out the whole loan, we structure a permanent whole life policy to take care of your mortgage payments for a specific period of time.

Why this works. The bank doesn't need your loan paid off on day one. It needs the payments made. As long as the payments stay current, the bank has no grounds to foreclose, and your family keeps the home and all the equity you've put your hard-earned money into.

You choose how long the payments are covered

Through the critical period: enough to carry your family through the first months after an illness or death, while everyone gets back on their feet.
One full year of payments: a full year for your family to adjust, plan and decide what's next without the pressure of losing the house.
Longer, if you choose: two years, five years or more. We build the coverage to match what gives you peace of mind.

Why permanent coverage

It never expires. Whole life stays in force for your whole life as long as premiums are paid, so you're protected whether you pay the house off in 10 years or refinance in 5.
Fixed premiums. Your price is locked in and never goes up.
Living benefits. Many whole life policies let you access part of the benefit if you're diagnosed with a qualifying terminal, chronic or critical illness, so the payments can be covered even if you're alive but can't work.
Cash value. Whole life builds guaranteed cash value over time that you can borrow against.

Estimate your payment coverage

Enter your monthly mortgage payment and choose how long you'd want it covered. The numbers filled in are an example.

Monthly mortgage payment

Cover payments for

Coverage to keep payments current $26,400

$2,200 × 12 months

Get a quote for this plan

Option 2: Full Pay-Off

Full pay-off coverage is a term life policy sized to your mortgage balance. If you pass away during the term, the benefit is large enough for your family to pay off the house completely.

You pick a coverage amount close to your mortgage balance, and a term that matches the years left on your loan (15, 20, 25 or 30 years).
You pay a fixed monthly premium. The price is locked for the length of the term.
If you pass away during the term, the benefit goes to the beneficiaries you name, not the bank.
When the term ends, the coverage ends. Many term policies can be converted to permanent coverage before then without new health questions.

Return of premium

Some term plans offer a return-of-premium option. If you outlive the term, you get back the premiums you paid. It costs more each month, but some families like knowing the money isn't gone if they never use it.

Side by side

	Equity Protection	Full Pay-Off
Type of coverage	Permanent whole life	Term life
What it covers	Your mortgage payments for the period you choose	The full mortgage balance
How long it lasts	Your whole life	The term you pick (15–30 years)
Premiums	Fixed for life	Fixed for the term
Cash value	Yes, guaranteed	No

Your family gets paid, not the bank

Mortgage insurance sold by a lender usually pays the lender directly, and the payout often shrinks as your balance goes down while your premium stays the same. Both of our options pay your family, and they decide how to use it.

Mortgage protection vs. PMI

PMI (private mortgage insurance) protects the lender if you stop paying your loan. It does nothing for your family if you pass away or get sick. Mortgage protection is the coverage that protects your household.

Who it's for

New homeowners and anyone who recently refinanced
Households that rely on one or two incomes to make the payment
Anyone who has built up equity and wants to make sure it stays with their family

An Indexed Universal Life (IUL) policy is permanent life insurance with two parts: a death benefit for your family, and a cash value account that can grow over time. The cash value earns interest based on how a market index, such as the S&P 500, performs. Your money is not invested directly in the market.

The key terms

Floor: the minimum interest credited, often 0%. If the index goes down, your cash value doesn't lose money from the index drop. Policy fees still come out.
Cap: the maximum interest you can be credited in a period. If the cap is 10% and the index gains 18%, you're credited 10%.
Participation rate: the share of the index gain you receive, up to the cap.
Cost of insurance: the monthly charge for the death benefit. It rises as you age.

Example. Say your policy has a 0% floor and a 10% cap. The index gains 14% one year and loses 12% the next. You'd be credited 10% the first year and 0% the second. You get part of the upside and are protected from the downside.

What people use an IUL for

Lifelong coverage that doesn't expire like term
Tax-advantaged cash value growth
Supplemental retirement income through policy loans or withdrawals
Leaving money to family or a charity

What to watch for

It needs to be funded properly. If premiums are too low and fees exceed growth, the policy can lapse.
Illustrations are projections. The rates shown aren't guaranteed. Ask to see results at lower assumed rates too.
Early surrender charges. Taking money out in the first 10 to 15 years can be expensive.
Loans reduce the death benefit and can cause a lapse if not managed.

An IUL is a long-term tool. It works best for people who have their basic coverage needs handled and can commit to funding it for many years. We'll show you side-by-side illustrations from multiple carriers so you can compare.

Do I need a medical exam?

Not always. Many carriers now approve policies using your answers, prescription history and records instead of a blood test. Larger amounts or some health situations may still need an exam, which is free and can be done at your home.

Can I get coverage if I have health problems?

Usually, yes. Conditions like diabetes, high blood pressure or past heart issues can affect your price or which carrier fits best, but they rarely rule you out. This is where working with a broker helps: each carrier treats conditions differently.

How much does life insurance cost?

It depends on your age, health, tobacco use, coverage amount and type of policy. A healthy 35-year-old can often get a 20-year term policy for less than a streaming subscription or two per month. We'll get you real quotes.

Who should be my beneficiary?

Anyone you want to receive the money: a spouse, children, a family member or a trust. Avoid naming minor children directly. A trust or custodian lets the money be managed for them.

Is the payout taxed?

In most cases the death benefit is paid to beneficiaries free of federal income tax. Talk to a tax professional about your specific situation.

What if I already have life insurance through work?

Work coverage is a good start, but it's often only 1 to 2 times your salary and usually ends if you leave the job. Most families need a personal policy they keep no matter where they work.

How long does it take to get approved?

Some policies are approved the same day. Fully underwritten policies can take a few weeks. We'll tell you what to expect up front and keep you updated.

Can I change or cancel my policy?

Yes. You can cancel anytime, and most policies have a free-look period (often 10 to 30 days) when you get a full refund. Many term policies can also be converted to permanent coverage later without new health questions.

Why use a broker instead of going to one company?

One company can only offer its own products and prices. A broker compares many carriers, so you get the one that fits your health and budget best. You don't pay more for using a broker.

What happens if I miss a payment?

There's a grace period, usually 30 or 31 days, when your coverage stays active. If you think you'll miss a payment, call us first. There are often options to keep the policy in force.

Term life is like renting protection for a set number of years. Whole life is like owning it: it lasts your whole life and builds value along the way.

	Term Life	Whole Life
How long it lasts	A set term: 10, 15, 20, 25 or 30 years	Your entire life, as long as premiums are paid
Cost	Lowest cost for the most coverage	Much higher premiums for the same death benefit
Premiums	Level during the term, then rise sharply or end	Fixed for life
Cash value	None	Guaranteed cash value that grows and can be borrowed against
Best for	Income replacement, mortgage, raising kids	Final expenses, estate planning, lifelong needs
If you outlive it	Coverage ends (unless you have return of premium or convert)	Always pays out, as long as it stays in force

When term makes sense

Your biggest money needs have an end date. The mortgage gets paid off, the kids grow up, and retirement savings build. Term covers those years at the lowest cost. Many families buy term and put the savings toward retirement.

When whole life makes sense

You want coverage that's guaranteed to be there no matter when you pass: to cover final expenses, leave an inheritance, or provide for a dependent who will always need support. You also like the forced savings of cash value.

You don't have to choose just one

Many families combine them: a large term policy for the working years, plus a smaller whole life policy for lifelong needs. Many term policies can also be converted to permanent coverage later without a new medical exam.

Also consider Indexed Universal Life, a type of permanent coverage with more flexible premiums and index-linked growth.

The quick rule of thumb

Many people start with 10 to 12 times their yearly income. It's a decent starting point, but it ignores your mortgage, debts, kids and savings.

The DIME method

DIME adds up four things your family would need to cover:

D – Debt: car loans, credit cards, student loans and other debts (not the mortgage).
I – Income: your yearly income times the number of years your family would need it.
M – Mortgage: the balance left on your home loan.
E – Education: what you want set aside for your kids' schooling.

Then subtract coverage and savings you already have. Try it below. The numbers filled in are an example; replace them with your own.

Other things to think about

Childcare costs if a stay-at-home parent passes away. Their work has real dollar value.
Inflation over the years your family depends on the benefit.
Work coverage that ends if you change jobs.

Protection for the people who count on you.

One broker. Fifteen carriers competing for you.

Find the right kind of coverage

Term Life

Mortgage Protection

Indexed Universal Life

Whole Life

Final Expense

Protection Against Market Loss

Straight answers before you buy

Mortgage Protection

What Is an IUL?

Common Questions

Term vs. Whole Life

How Much Do I Need?

Frank Carmona

What clients are saying

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Step 1 · Your information

Step 2 · Pick a time

Mortgage protection, explained

Equity Protection

Full Pay-Off

Option 1: Equity Protection

You choose how long the payments are covered

Why permanent coverage

Estimate your payment coverage

Option 2: Full Pay-Off

Return of premium

Side by side

Your family gets paid, not the bank

Mortgage protection vs. PMI

Who it's for

What is an IUL?

The key terms

What people use an IUL for

What to watch for

Common questions, simple answers

Term life vs. whole life

When term makes sense

When whole life makes sense

You don't have to choose just one

How much life insurance do I need?

The quick rule of thumb

The DIME method

Other things to think about

What clients are saying

Reviews from families Frank has helped

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