Let’s get it straight if you own your Mortgage Life Insurance with your bank or other financial institution, chances are, you’re paying too much.
Mortgage Life Insurance can be purchased either with a level benefit or a decreasing benefit, the choice is up to you.
Unlike the banks, our Mortgage Insurance offers greater flexibility. For instance, you choose the beneficiary. If you switch financial institutions, there is no need to reapply, your insurance is portable. Your premiums will not change over the period selected and your death benefit, if you select the level option, will not decrease over time.
By choosing Mortgage Insurance outside of the products offered by your financial institution, clients will generally save on premiums and those savings will be more significant on …. the population that is over the age of 50.
By purchasing your Mortgage Insurance, outside of your bank network, you will have significant savings in premium.
Finally, one of the huge advantages is, there is no 9% sales tax.