BofA providing death, dismemberment coverage on mortgages

Police, firefighters, teachers, medical workers eligible for free insurance

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Bank of America says it will provide up to $300,000 of insurance coverage with special mortgages designed to help police officers, firefighters, teachers and medical workers buy homes in the communities they serve.

Bank of America says the insurance — which covers the mortgage payments of public servants who are killed, paralyzed or dismembered — is not a marketing ploy.