Insurance Disclosures

This page consolidates the licensing, compensation, product-risk, and non-deposit disclosures that apply to every quote, illustration, and policy placed through itsmortprotectinsuranceali.com by Ali Taqi, a Florida-licensed insurance agent (License #W393613). It supplements (not replaces) any disclosures contained in the carrier-issued application, illustration, and policy documents you receive when you apply for coverage.

See also: Privacy Policy · Terms of Service.

Licensing

Ali Taqi is a Life & Health insurance agent licensed by the Florida Department of Financial Services (License #W393613), serving all 67 Florida counties from Naples, FL.

Verify any Florida-licensed agent at the Florida Department of Financial Services public licensee search.

Independent-Broker Status

Ali is an independent agent — not a captive agent of any single carrier and not affiliated with any mortgage lender, servicer, or investor. He is appointed with multiple A-rated term-life carriers; appointments change over time. Being independent means Ali recommends the carrier whose underwriting class and term length best fit your age, health, mortgage balance, and amortization horizon — not whichever carrier pays the highest commission.

Mortgage Protection — What It Is and What It Is NOT

Mortgage Protection insurance, as marketed on this site, is term life insurance with mortgage-focused branding. If you die during the policy term, the death benefit is paid to your named beneficiaries — typically your spouse or estate — who may use it to pay off the mortgage, pay other debts, or fund any other need. It is a standard term-life product, not a separate insurance category. The risk of consumer confusion in this product line is high enough that the following clarifications are part of the disclosure on every quote we place:

NOT Private Mortgage Insurance ("PMI")

PMI protects your lender if you default on the mortgage; mortgage protection life insurance pays your family if you die. They are different products with different purposes and different beneficiaries. PMI is required by some lenders when the loan-to-value ratio exceeds 80%; mortgage protection life insurance is not required by any lender (see below) and is paid to your beneficiaries, not the lender.

NOT escrow insurance, homeowners insurance, hazard insurance, or title insurance

These are separate products required or offered by lenders to protect collateral and clear title. Mortgage protection life insurance is none of them and does not substitute for any of them.

NOT required by any lender

No mortgage lender, servicer, or investor in the United States requires you to purchase a mortgage protection life-insurance policy as a condition of your mortgage. Anyone — including any caller, mailer, or sales pitch — telling you that a mortgage protection life-insurance policy is required by your lender is misinforming you. Hang up or discard the mailer.

NOT a product of your mortgage lender or servicer

The policy is issued by an A-rated life-insurance carrier through an independent agent; it is not sold or endorsed by your mortgage company, servicer, or investor (Fannie Mae, Freddie Mac, Ginnie Mae, etc.). Any mailer you receive referencing "your mortgage" or your specific lender's name and a life-insurance offer is marketing — not a lender requirement and not affiliated with the named lender unless that affiliation is explicitly disclosed in the mailer.

Death benefit is paid to your beneficiaries, not to the lender

The death benefit is a cash payment to your named beneficiaries, who may use it for the mortgage payoff or for any other purpose. The policy does not automatically pay the mortgage and the lender is not the beneficiary unless you affirmatively name them (which is unusual and not generally recommended).

Standard Term-Life Risks That Apply Here

• Coverage ends when the term ends. If you outlive the term, coverage ends unless you renew or convert. Renewal premiums after the level-premium period typically increase sharply (annual renewable term) or coverage may lapse if you don't act before the end of the term.
• Premium increases on renewal or re-qualification. If you apply for new coverage after the original term ends, the new premium will reflect your age and health at that time and may be significantly higher — or coverage may be unavailable if your health has changed.
• No cash value. Mortgage protection term life does not accumulate cash value. Premiums paid are not recoverable at the end of the term.
• Policy guarantees rely on the issuing carrier. The death benefit depends on the claims-paying ability of the issuing insurance carrier.
• Convertibility windows are carrier-specific. Most term policies allow conversion to permanent coverage only within a defined window and only up to a defined age. Check your policy.
• Not a bank product. See the NOT-FDIC notice above.

How Ali Gets Paid

When you purchase a policy, the issuing carrier pays Ali a commission based on first-year premium plus smaller renewal commissions in later years. You do not pay extra for working with Ali versus going directly to a carrier — the published carrier rate already includes the distribution cost. Ali does not charge consulting fees, broker fees, or policy-preparation fees for mortgage-protection placements. Premium is collected by the carrier through its own application system; Ali never holds or commingles customer premium funds.

Quotes Are Non-Binding

Every premium figure shown on this site or quoted by Ali is an illustration based on the information available at the time. Final premium is determined by the issuing carrier's underwriting decision (medical review, MIB report, prescription history, etc.). No coverage is in force until: (1) you sign a complete carrier application, (2) the carrier approves the application and issues a policy, and (3) the first premium is paid.

Complaints

If you have a concern about the service you received, please contact Ali first: (239) 800-8508 · itsinsuranceali@gmail.com.

If your concern isn't resolved, you may file a complaint with the Florida Department of Financial Services, Division of Consumer Services: myfloridacfo.com/division/consumers or 1-877-693-5236.

Contact

Ali Taqi, Licensed Florida Insurance Agent (FL License #W393613)
Naples, FL
itsinsuranceali@gmail.com
(239) 800-8508