Protect one of your most important asset
Mortgage Insurance
Protect your home
The right kind of martgage insurance
Mortgage Insurance is a form of life insurance that pays off your mortgage in the
event of death. Term Insurance is best suited for this type of coverage.
Mortgage Insurance Offered by the Bank VS Private Mortgage Insurance.
Bank’s Mortgage Insurance
Disadvantages
- Coverage decreases with your mortgage while prices increase.
- Insurance proceeds are payable to the bank.
- Coverage ends once the mortgage is paid off.
- You will need to re-apply for mortgage insurance each time you move houses.
Private Mortgage Insurance
Advantages
- Coverage stays the same and prices never increase for the chosen term.
- Insurance proceeds are payable to your beneficiary with creditor protection.
- Coverage continues after you have paid off your mortgage.
Key Benefits of Private Mortgage Insurance
Lower Premiums
- Up to 30% cheaper than the bank.
- Your coverage will follow you if you move to another residence.
Better Coverage
- Coverage does not decrease with your mortgage.
- Up front underwriting to insure claims.
Creditor Proof
- By naming a beneficiary, creditors cannot claim insurance proceeds from your estate.
- Your beneficiary has control.
Mortgage Insurance is geared towards homeowners who carry a mortgage on their home.
We’re here for you.
Anytime you need us.
This may all seem confusing at first but we are here to advise you on the best option available for you and your loved ones.
Call us directly or schedule a call.