DISABILITY

Mortgage Disability Income Insurance — California (97044)

California Mortgage Disability Income (MDI) Insurance is currently available through State Farm®. Details about coverage, policies, and benefits are listed below. State Farm has different plans to help you choose the plan to best fit your needs. Please read a brief description of the Mortgage Disability Income Insurance in California.

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Policy Features

Since your monthly requirements are unique, your MDI — including its cost — can be tailored to your exact needs. You pick:

  • The amount of coverage (your monthly benefit amount).1
  • The length of time you must be totally disabled before you start receiving benefits (your Elimination Period).2

Plus, this policy pays in addition to other disability policies you may have that do not apply to your mortgage.

Benefits

This is a summary of the benefits. For a more detailed understanding, meet with a State Farm agent.

Monthly Benefit Amount

This is the "monthly income" that you would receive to help pay your mortgage if you became totally disabled.

Waiver of Premium

When total disability benefits have been payable for three consecutive months, State Farm will pay your premiums as long as you remain totally disabled until the end of your benefit period.

For more detailed benefit descriptions, please contact a State Farm agent.

Premiums

Premiums rise periodically based on the age of the insured at the time of renewal. This policy is renewable at the option of the company to age 65.

Exclusions and Limitations

This policy does not cover any loss caused or contributed to by:

  • Any attempt at suicide, whether sane or insane, or any intentionally self-inflicted injury.
  • War, declared or undeclared, or any act or hazard of war.
  • Injury sustained or Sickness contracted while you are in the armed services.
  • A Pre-existing Sickness or Physical Condition subject to the time limit on certain defenses provision.
  • Two or more causes. The monthly income amount payable shall be limited to the amount payable for total disability from a single cause.

Note:

This is a marketing tool intended for use in the sale of insurance. Completion of an application for a State Farm insurance policy will require contact with a State Farm agent/insurance producer.

This information provides only a brief explanation of coverage available in CA. It is not a contract, and exclusions and limitations apply. There are terms under which the policy may be continued in force or discontinued. A complete statement of the coverage provided is found only in the policy itself. Modifications apply in some states. See Mortgage Disability Income policy series 97044 for exact terms and conditions. Contact your State Farm agent for details and cost.

1 Minimum and maximum benefits apply.

2 In order to quality for policy benefits the insured must meet the definition of total disability set forth in the applicable policy form.

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