If you put a downpayment of less than 20% when you bought your home, chances are good that you had to purchase private mortgage insurance, or PMI, in order to qualify for your loan. A mortgage insurance policy protects the bank in the event they are forced to repossess your house and sell it at a loss. As with most other types of insurance, you pay a monthly premium on top of your monthly mortgage payment for this policy. A mortgage insurance policy provides the means for purchasing a house you may otherwise be unable to afford, due to a limited down payment.
Your home is likely the largest investment you will ever make, and the things you keep inside it - wedding photos, collectibles, silver and china, jewelry, antique furniture - are probably your most prized possessions. That's why it's crucial to carry enough insurance to safeguard your home and everything in it.
Unless you live in a cave, you know that healthcare costs have accelerated in recent years. According to a recent study, more than 15% of the United States' total gross domestic product (GDP) was spent on health care, and by 2014, this figure is expected to represent nearly one in every five dollars we spend!
If you own a house, you need homeowners insurance. If you have dependents, you need life insurance. And if you own a car, you need automobile insurance. Understanding auto insurance is the first step towards ensuring that you have the right coverage at the best price.
Some people equate life insurance with tragedy and death. In truth, life insurance is for the living. Without it, the sudden demise of a key breadwinner could leave a family stranded without the resources to maintain their lifestyle - or even retain their home.
For over 30 years The America Group has supplied individuals and businesses with the products and services they need to obtain financial comfort.
Our primary objective is to help our clients create their ideal future, whatever that may be.