When you own a mortgage, you are often offered a mortgage protection plan by your lender. This is a plan that insures your mortgage against your death and pays the outstanding balance should you be unable to.
These plans seem attractive, but are not actually owned by you, the homeowner. Rather, Mortgage insurance from your lender is paid to your lender and not to your family members, leaving them with little in the way to replace your income and continue their standard of living when you're gone.
We offer life insurance plans for your mortgage that you own, for the benefit of your family and not your lending institution. That way, you can create a protection plan that works for your interests, not for someone else's.
The advantages of our mortgage insurance plans:
You have the freedom to choose the beneficiary of the policy.
Our policies are much more affordable as compared to plans from a lending institution.
You are able to change your coverage to suit your needs.
You are protected should you switch lending institutions or refinance your mortgage.
Your loved ones can use the benefits for other purposes besides covering the mortgage.
We work with all major Canadian providers to offer you the best rates on Mortgage Life Insurance. Our advisors work with the whole market to find you a plan that matches your budget and unique circumstances.
Please complete our short enquiry form to get a free, no-obligation quote for Mortgage Life Insurance.
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