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MORTGAGE PROTECTION INSURANCE:
Mortgage Insurance at its Best
Looking for a house to buy is not a challenge you take lightly. You have no doubt already figured out what you need in terms of space, number of rooms, style, neighbourhood, and state of repair…The purchase of a house is an important financial decision, and it is definitely a smart idea to protect the biggest investment of your life.
The objective of our Mortgage Protection Insurance coverage is to enable you to avoid leaving a significant debt for your surviving spouse and children. This plan enables your loved ones to keep the house and all the benefits associated with it, rather than having to sell up, in the event of your death prior to repayment of the mortgage loan.
Mortgage Protection Insurance is, first and foremost, life insurance coverage that enables you to pay all or part of your mortgage loan balance. |
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| Features of our Mortgage Protection Insurance |
- You are the owner of your individual mortgage insurance, unlike group coverage offered
by most financial institutions.
- Protection from interest rate increases, since the premiums are level and they’re guaranteed for the entire term of coverage.
- The ability to select individual or joint life insurance depending on your personal situation. This way, you can benefit from a significant reduction in the premium amount.
- The advantage of keeping your insurance, even if you refinance your loan or change lending institutions. Your coverage remains in effect.
- An opportunity to convert your mortgage insurance to regular life insurance without
having to answer any health questions.
- Freedom to appoint your own beneficiary rather than your financial institution.
- Freedom for your heirs to use the benefits to repay your loan or to meet more pressing needs. That’s because the insurance benefit is paid to the beneficiary, rather than to
your lending institution.
- Benefits that cover your mortgage payments in the event of disability or critical illness.
- You chose your home sweet home very carefully. With the Mortgage Protection Plan, you can enjoy your home with full peace of mind while protecting the biggest investment of your life. What are you waiting for? Start filling your home with good things and happy memories!
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Why You Can't Afford Not To Have Life Insurance
Insurance agents hear the same story over and over again: I know I need life insurance; I just can't afford the premiums. The trouble is that those who feel they can't afford to have life insurance are likely the people who need it the most. Here are a few of the reasons why the argument that you can't afford life insurance coverage likely means you really need it.
You Have No Savings
If you live paycheck to paycheck and have no savings or other backup to cover yourself in case something goes wrong, then you also have no way to provide your family with what they need should you pass away. The less you have in the way of assets and savings, the more a life insurance policy will be needed by your loved ones in the event of a tragedy. How will they pay the mortgage and utilities, buy food, or handle all the other costs of everyday life? Without a life insurance policy, you will be leaving your family in a seriously difficult situation, dependent on charity or family members for help.
There's No Extra Room In The Budget
When your budget is tight, which it is for many people today, you probably need every dollar that is coming in right now to cover the bills and make ends meet. What happens if some or all of that income is taken away? The family members left behind certainly won't have a chance of finding income to replace what is gone quickly enough to avoid losing their home and more. While it can be difficult to fit the premium for a life insurance policy into a tight monthly budget, the cost of not fitting that policy in can be a lot higher if something unexpected happens.
If you really think you can't afford to have life insurance, then the truth is you need to find a way. Talk to your insurance agent about ways to take out a policy affordably, and look at your budget to see if there is a way you can make room. The more you think you can't pay for life insurance, the more you need that coverage to protect your family from losing everything if something happens to you. Knowing your loved ones will be okay if you are gone is well worth stretching the budget just a little more. |
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Licensed from:Financial Service Commission of Ontario |
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| Norman & Cindy, London ON |
William & Dorothy, Sarnia ON |
Richard & Shelly, Toronto ON |
Peter, Brampton ON |
| "Kept us completely informed on each step while waiting approval." |
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| "I had been turned down time after time.....Life Insurance Advisors got a policy for me at preferred rates...Thanks" |
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| "Your service was outstanding, you kept us in the loop throughout the entire process. You made shopping for life insurance a breeze. Thank you so much!" |
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| "Mike, Thanks for being so professional. You have provided me the life insurance at the right value without any hassle. Thanks." |
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| We serve all of Ontario including: Acton, Ajax, Almonte, Amherstberg, Ancaster, Aurora, Barrie, Beamsville, Belleville, Bolton, Bracebridge, Bradford, Brampton, Brant, Brantford, Brighton, Brockville, Burlington, Cambridge, Cayuga, Chatham, Churchill, Clarence, Clarington, Cobourg, Collingwood, Cornwall, Essex, Fort Erie, Georgetown, Goderich, Gravenhurst, Guelph, Grimsby, Gwillimbury, Haldimand, Hamilton, Hawkesbury, Huntsville, Ingersoll, Kenora, Keswick, Kingston, Kingsville, Kitchener, LaSalle, Lincoln, Lindsay, Listowel, London, Milton, Markham, Midland, Mississauga, Napanee, Newmarket, New Alliston, Niagara Falls, Niagara on the Lake, North Bay, Norfolk, Oakville, Orangeville, Orillia, Oshawa, Ottawa, Owen Sound, Paris, Parry Sound, Pelham, Pembroke, Petawawa, Peterborough, Pickering, Picton, Port (Pt.) Colborne, Port Dover, Port Elgin, Richmond Hill, Sault Ste. Marie, Sarnia, Scarborough, Simcoe, Stoney Creek, Stratford, Strathroy, St. Catharines, Stouffville, St. Thomas, St. Mary’s, Sudbury, Tecumseh, Thornhill, Tillsonburg, Timmins, Thorold, Thunder Bay, Toronto, Trenton, Vaughan, Vineland, Wasaga Beach, Waterloo, Welland, Whitby, Windsor, Woodbridge, and Woodstock. |
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