Rate to offer mortgage balance coverage insurance for first responders

by Emily Marek

Rate announced the launch of 1stResponder+, an initiative that will offer first responders a one-year accidental death insurance policy that covers their mortgage balance up to $650,000 if they die in the line of duty.

Eligible professions include law enforcement, emergency medical services and fire service.

“First responders are the backbone of our communities, putting their lives at risk every day to ensure the public’s safety and well-being,” Victor Ciardelli, president and CEO of Rate, said in a press release. “The 1stResponder+ program is our way of saying thank you and ensuring their families are protected, should the unthinkable occur.”

1stResponder+ can be paired with FHA, VA and USDA loan offerings.

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