Mortgage Insurance

Your home, in most cases, is your biggest investment. To protect yourself, your spouse and your children you buy mortgage insurance.  It is usually offered by the bank you have your mortgage with but using private mortgage insurance, offered by an insurance broker, will offer you more options on better terms. Usually, you will also save yourself some money.

Here Is Why personal Mortgage Insurance works Better for YOU:

Mortgage Insurance With A Bank

Personal Mortgage Insurance
• Bank Controls It
• Bank Owns The Insurance
• Money Goes To The Bank
• You Have To Re-Qualify At An Older Age When You Move Your Mortgage
• Ends When You Pay Off Your Mortgage


*$250,000 mortgage - $ 61/month 		• You Control It
• You Own The Insurance Money Goes To Your Family
• You Have It No Matter Who Holds Your Mortgage
• You Can Change It To Permanent Life Insurance Without Medical
• Available Additional Benefits (e.g. Family Benefits)
• Personal Service

* John $500,000 - $31/month & Mary $500,000 - $24/month

* bank mortgage insurance $61/month for $250,000 coverage     vs.    private $55/month for $1,000,000
*Sample rates (Mary age 37 non-smoker & John age 37 non-smoker) - More Rates

For more information visit these articles:

http://www.marioinsurance.com/articles/70-mortgage-protection

http://www.marioinsurance.com/articles/82-bank-mortgage-insurance-on-cbc

http://www.thestar.com/article/205853  article from Toronto Star
 

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