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Albert Said:

what kind of claim can i file?

We Answered:

Most mortgage protection policies only cover the mortgagee, but hey, it's worth a shot. You should be receiving lost wages from your workers comp claim. If you have DISABILITY coverage, that's a seperate policy, you can surely file for that, as well.

Homeowners won't cover your injury. Life insurance covers death. You're typing, so you're not dead. Workers comp, sounds like you're already claiming that. Disability, well, that was kinda vague.

Erik Said:

Is it illegal to hold a Real Estate license and Life and Health or Property and Casualty licenses?

We Answered:

I believe your issues have less to do with legality and more to do with ethics. There is nothing wrong with being a "one-stop shop" by providing more services to your clients who trust you, and nothing wrong with making more revenue from those services. However:

The burden will be on you to make sure you disclose these inter-service relationships to your clients, let them know that you will be receiving compensation from the insurance companies that they buy coverage from, and ensure them that you are willing to work with them on an "unbundled basis" -- in other words they don't have to buy insurance from you in order to have you represent them in the real estate deal or vice versa.

You may also run into issues (with regulators and clients) if you are charging more or less than market rates for one service in order to feed business to a different part of your business.

Arthur Said:

what does mortgage protection give you?

We Answered:

mike is correct about PMI.

However, I'm guessing you mean insurance if you lose your job or die. The insurance would pay your mortgage.

It's a scam. First, get some good term life insurance. It is MUCH!! cheaper then this scam. And it will do the same thing. In addition, when you pay the mortgage off or move, you still have the term insurance.

2nd, save a nest egg to cover your bills if you can't work. If you read their policy, there are some many things not cover, that it doesn't make sense.