Home Assurance Rates

Mortgage Life & Disability Insurance


Mortgage Life Insurance Rates
The monthly premium rate is dependent upon your age and your smoking status. To calculate your premium, please refer to the charts below. The rate listed is a cost per $1,000 of insured mortgage life benefit. Rates are based on the older insured if applying for joint life insurance. For joint life insurance, if one insured smokes, use the smoker rate for the older insured.

Single Life

Issue $10,000 - $49,999.99
Age
$50,000 - $300,000
Non-Smoker
Smoker

Under 30

$0.19

$0.11

$0.19

30 – 34

0.21

0.14

0.24

35 – 39

0.26

0.17

0.33

40 – 44

0.40

0.24

0.48

45 – 49

0.61

0.35

0.66

50 – 54

0.93

0.52

0.95

55 – 59

1.39

0.76

1.27

60 – 64

N/A

1.25

1.96

Joint Life

Issue $10,000 - $49,999.99
Age
$50,000 - $300,000
Non-Smoker
Smoker

Under 30

$0.30

$0.18

$0.30

30 – 34

0.34

0.22

0.38

35 – 39

0.42

0.27

0.53

40 – 44

0.64

0.38

0.77

45 – 49

0.98

0.56

1.06

50 – 54

1.49

0.83

1.52

55 – 59

2.22

1.22

2.03

60 – 64

N/A

2.00

3.14

Mortgage Disability Insurance Rates
The monthly premium rate is dependent upon the elimination period you select. The premium for single and joint insurance is the same. Joint disability benefits will be 50% of the monthly amount of insurance selected. The rate is a cost per $100 of insured monthly mortgage payment up to the plan maximum.

30-Day Elimination Period*
90-Day Elimination Period**
$4.25
$2.85
* means benefits for disability begin after 30 days of total disability
** means benefits for disability begin after 90 days of total disability

RB Financial LLC. is a wholly-owned subsidiary of Randolph-Brooks Federal Credit Union. Home Assurance coverage is mortgage insurance and is underwritten by Monumental Life Insurance Company (Home Office – Cedar Rapids, IA). See policy form ML1000 IPM (Life) or MD1000 GCM (Disability) for complete details, terms, and conditions. When approved, you will receive a certificate outlining the coverage. Coverage is available to Randolph Brooks Federal Credit Union members in Texas only. Benefits are paid to you or the beneficiary you select. You or your beneficiary remain liable to pay the mortgage loan.