Mortgage insurance is a life insurance policy …

That pays off the balance of your mortgage when you pass away.

Although getting ‘Mortgage Insurance’ through your bank may be convenient, ‘Term Life insurance’ will save you money.

Here are a couple of other reasons to choose Term Life Insurance:

-Payout under term life is to the beneficiaries rather than the bank.This gives them the flexibility of using the money in various ways.
-Constant level of coverage under term life whereas the balance reduces for mortgage insurance in line with the mortgage outstanding.

To continue the discussion and to get competitive rates you are welcome to contact us. We will respond within 2 business days.