Mortgage Insurance

A form of decreasing term insurance that covers the life of a person taking out a mortgage. Death benefits provide for payment of the outstanding balance of the loan. Coverage is in decreasing term insurance, so the amount of coverage decreases as the debt decreases.

By insuring your mortgage loan, you are providing yourself with the peace of mind in knowing that, in the event of a disability, premature death or critical illness, you will dispose of the financial coverage necessary to take care of your mortgage payments and the home you have come to love will never become a financial burden for you or your family.

Why you Personal Home Protection Plan is more preferable then Group Plan from your lenders?

Unlike most financial institutions that offer mortgage insurance designed to meet the needs of a group of borrowers, the Home Protection Plan is specifically designed to meet your personal needs. This fundamental difference gives you advantages such as:

The possibility of negotiating a better loan rate from the financial institution of your choice and still keeping your insurance intact, regardless of any changes in your state of health.
A guaranteed premium that will not increase following any interest rate changes when the loan is renewed.
The choice of beneficiary designation, with no obligation to name your financial institution as beneficiary.
The freedom for your heirs to use the benefits to reimburse the loan or meet other urgent needs.
The possibility of obtaining the entire reimbursement of your loan if diagnosed with one of 23 critical illnesses.
The peace of mind in knowing that, should you become unable to work due to illness or injury, your monthly mortgage payments are taken care of.
The possibility of converting your mortgage insurance to regular life insurance without having to answer any health questions.

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