When it comes to protecting your mortgage, you have a choice. Go the route of a traditional lending institution, or take advantage of a great alternative with term insurance.
A lender may insist you have insurance protection for your mortgage. However, you are not obligated to purchase the lenders insurance product.
Before you buy insurance to protect your mortgage, ask the following questions:
→ Do you get to pick the beneficiary?
→ Is it convertible?
→ Can you keep it if you move?
→ Are you in Control?
When you buy Term Insurance the answer is always YES!
At the time of issue, your good health and lifestyle are rewarded with better premiums according to your class of risk. These classes help ensure that your term plan is among the most competitively priced on the market.
Looking for more information? IntegraGroup.ca