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Mortgage Life Insurance

The Best Way to Insure Your Mortgage:


Having life insurance for your surviving dependents to pay the mortgage is most important because your lender will repossess your house if mortgage payments are missed.  Avoid  insurance from the mortgage lender because the coverage & options are very restrictive & limited.  Instead have a life insurance broker shop around the right coverage & lowest premiums for you. 


Wrong way to insure your mortgage:

  • Lender is beneficiary.
  • Lender can change or cancel insurance at their discretion.
  • Pays off mortgage only.
  • Coverage ends when mortgage ends.
  • If diagnosed with health problems, coverage will expire at end of mortgage. 
  • No options available.
  • Subject to sales tax.

 


Right way to insure your mortgage:

  • You choose any beneficiary.
  • As owner you have full control.
  • Pays for ANYTHING you want including mortgage.
  • Coverage for lifetime.
  • If diagnosed with health problems, coverage still continues. 
  • Options include life conversion, disability, critical illness, child protection & more.
  • Not subject to sales tax.


CLICK HERE FOR NO MEDICAL MORTGAGE LIFE INSURANCE QUOTE

CLICK HERE FOR REGULAR MORTGAGE LIFE INSURANCE QUOTE

If you would like more information about setting up a new policy, reviewing your existing policy or increasing your insurance needs, please use our online form to submit your request and a representative will get back with you very shortly.


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