Mortgage Life Insurance

There are many benefits to having personally owned insurance for your mortgage over insurance through a lender:

  • The death benefit remains unchanged throughout the life of the policy rather than diminishing as the mortgage is paid.

  • If a claim has to be made the benefit is guaranteed.

 

  • If you die the benefit will go directly to your beneficiaries rather than the lender.

  • You can choose the type and amount of insurance you want.

  • Your premiums will remain the same for the life of the policy, where as a lender can increase your premiums at the end of your mortgage term.

  • Personally owned insurance is more cost efficient.

Insurance Solutions are provided by Brendan Greenwood through Pelorus Transition Planning. *Investments are provided through Greenwood Wealth/Worldsource Securities Inc. Please visit securities website https://www.greenwoodwealth.co for further details.