It is not Guaranteed acceptance. Still have to qualify. Benefit's are that the family gets to keep the home indefinitely or at least is able to continue making mortgage and property tax payments while planning to sell. Children get to stay in the same neighborhood, keep the same friends, and stay in the same school system. There are many different ways to protect the mortgage, either term, cash back, or permanent life insurance policies can be used. The approach we take is much better than what is offered through the lender. Typically lenders offer credit life, which is much more expensive, however it's guaranteed issuance and you do not have to qualify with a health check. Downside is that the value proposition is not worth it. Very expensive and the benefits are not very good.
