Have you just bought a home? Moving in with your loved one or your family? Mortgage Insurance is here to protect your home and ensure your loved ones can stay in their safe haven in case of tragic death, disability, or illness of the home owner. Losing a member in the family is a sensitive and vulnerable time, and this pain is heightened if your home is taken away. Mortgage Insurance supports you in time of strife, paying your mortgage, so your focus can stay where it is most needed – your health and heart.CONTACT US
|MORTGAGE INSURANCE THROUGH US
|MORTGAGE INSURANCE THROUGH BANK
|Can it help cover mortgage?
|Does coverage stay same throughout term
|Yes, coverage stays level
|No, coverage reduces to mortgage balance
|Can we choose the beneficiary?
|No, benefit goes to the bank
|Can we choose the insurance term?
|If we change mortgage lender, does our coverage end?
|No, your insurance is independent from your lenderYes
|Yes, your insurance is tied to the lender
|Can we cover partial mortgage?
|Yes, you can get coverage based on affordability
|Is medical underwriting done at time of application?
|No, it is done at time of claim
|Does premium stay the same?
|Yes, but coverage decreases with time
|Where do we apply?
|Through us, online or in person
Can cover Full Mortgage amount in case of unexpected death
Can cover monthly mortgage payments in case of disability
Can take partial coverage depending on budget. This is particularly helpful for those purchasing homes at a higher age group.
Coverage can be added to same plan if a new home is purchased with higher mortgage.
Medical underwriting is an important part of the approval and claims process. The manner in which it is approached has statistically shown a significant difference in the success of a claim. When you apply for mortgage insurance through us, your medical underwriting is done at the time of application. With banks, it is done at the time of claim. This means that, although you may think you qualify for insurance with a bank, the bank will check your medical history at time of claim and determine whether or not you actually qualify for insurance in the first place. In short, you may be paying for mortgage insurance for several years that you do not actually have. Mortgage insurance, through us, ensures full transparency with the insurer at time of application so you are paying for insurance you definitely own. This is the type of peace of mind your family deserves.