American Income Life: House Payment Rider

 


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Relevant Background: The house payment rider at American Income Life works in the same manner as the Income protection rider except the house payment rider focuses on securing mortgage payments which may be very useful without mortgage insurance. Unlike the income protection rider which can be used as income replacement, mortgage, groceries or auto expenses etc. (any purpose), the house payment rider is only used to secure mortgage payments. In a big family, this rider can ensure common good and pay the mortgage for everyone rather than the expenses of one single individual. Also, the house payment rider may be used to pay monthly mortgage payments anywhere from six months up to 8.5 years.

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