Mortgage Protection Insurance

Mortgage protection insurance that’s simple, easy, and clear.

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Couple standing beside home with sold sign

Protecting your home

The purchase of a home is probably one of the largest single purchases you will ever make.

It will probably also create the largest single loan you have ever had.

In the event of your premature death, you’ve probably considered insuring your lives to ensure your surviving family will be able to stay in the home prior to the loan or mortgage being paid off.

So, should I get protection through a bank or insurance company?

There is only one answer…

If you want:

  1. Portability
  2. Flexibility
  3. Control

Your best options are available through an insurance brokerage. Let’s Compare!

Insurance Broker

Bank

Type of Life InsuranceTerm or PaymentDecreasing Term
BeneficiaryAnyone – you decideThe mortgage lender
How insurance will be usedBeneficiary decides. Invest? Pay off mortgage?Pay off mortgage
Payment FrequencyMonthly, semi-annually, annuallyWith your mortgage payment
Other Life Insurance needsTake care of all insurance needs with one policyCan only cover the mortgage
PortabilityInsurance stays with you – even if you refinance or change lendersIf you move, the insurance ends. You will have to requalify
Benefit LevelGet level benefit or lower benefit over time to match your mortgageBenefit decreases as mortgage paid off
AdviceDeal with licensed advisorsThe mortgage lender
Underwriting TimeUnderwriting at time of applicationOften underwritten at time of death
Premium GuaranteesFully guaranteedNot necessarily guaranteed
Premium RatesPremium based on gender, smoking, health, lifestyleOften some rates given, regardless of other factors
Options and RidersIndividual policies can be customizedUsually not available
Lifestyle DiscountsPreferred underwriting availableNone

Now you know the facts, but how does this all fit together?

A needs analysis will take a look at the whole picture and help us determine a plan to suit your needs. A customized insurance plan will put the control where it should be…in your hands.

Mortgage protection insurance that’s simple, easy, and clear. Get a quote