Protecting Your Mortgage

How can Life Insurance Help you and those you care about?

Buying a home is probably one of the biggest investments you will ever make. In addition to providing a roof over your head, your home is also where you spend special moments with family and friends. When you apply for a mortgage with a bank, you are offered life insurance protection with your loan. The following list explains the differences between the protection offered through us and that by the banks;

  • Through Us; ...
    1. You control and own your policy.
    2. Your premiums are guaranteed at issue for the duration of the coverage.
    3. You can choose the amount of coverage you want and the limits are much higher compared to what a bank will offer.
    4. The death benefit with life insurance do not decrease unless you request it in which the premiums would also decrease.
    5. You name your beneficiary or beneficiaries.
    6. You can keep your coverage even after your mortgage is paid.
  • Through A Bank; ...
    1. The policy is controlled by the bank who is also its beneficiary.
    2. The lender could increase the premium each time your mortgage renews.
    3. The amount of your coverage is equivalent to the amount of your mortgage balance.
    4. As your mortgage balance decreases, your mortgage insurance also decreases, although your premiums remain level.
    5. The bank names itself as beneficiary.
    6. Coverage ends as soon as the final mortgage payment is made.

    For More Information Call Our Life Team 403.230.3000

    Linda Palmer
    extension: 231
    Linda Palmer
    extension: 231
    Linda Palmer
    extension: 231
    Linda Palmer
    extension: 231

    Example Rates

    Sample rates. Call for an your quote; 403.520.5050

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    Calculate Limit

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