Mortgage Loan Insurance
Buying a home is one of the most important investments you will make in your life. It is therefore essential to find mortgage insurance adapted to your situation. Deciding to insure your loan with us has many advantages that your lending institution cannot offer you:
Assurancevierapide.ca is an online life insurance broker that takes care of finding you the best in-force premiums from all financial institutions. All you have to do is enter your personal information, click on “compare” and in less than a minute you’ll be able to compare dozens of different insurance policies that fit your needs. Our tool allows you to compare all types of insurance: life insurance, critical illness insurance and mortgage insurance.
The Importance of Mortgage Loan Insurance
As you’re sitting in the banker’s office, who hasn’t wondered if he should get life insurance on his mortgage? Then you look at your spouse. You say: why not, honey, just in case?
You keep your mortgage loan insurance even if you change lenders when you renew your mortgage, whereas with your lender you have to start the process all over again at each renewal
You own the contract and choose your beneficiary; unlike the bank or lending institution that gets paid for your mortgage insurance.
Your premium is set according to your personal profile and will not increase, even if your health condition worsens.
Mortgage lenders’ insurance only covers the remaining balance of the loan. If you have a 25-year mortgage and you die after 22 years, which is close to the end of the term, the insurance will only pay off the few thousand dollars left in the bank. Whereas with term life insurance from a life insurer, inheritors will receive the full amount of insurance regardless of the balance of the mortgage.
Get a free quote online
Calculate your insurance premium and save! Our online insurance calculator compares offers from multiple insurance companies and financial institutions to help you save money!
FREE QUOTE ONLINE!