Don’t fall into this trap and say «NO»!

 

You are about to make the most expensive purchase in your lifetime: the home of your dreams.

This acquisition will normally be done by borrowing a large amount of money from a financial institution. In other words, you will sign a mortgage agreement with your bank to buy a property.

As soon as you sit down with the bank mortgage specialist, he will offer to arrange for insurance for your mortgage in case you die prematurely.

The much-talked-about mortgage insurance… It is also known under other names: mortgage life insurance, creditor insurance.

Your lender wants you to understand the importance of this product and keeps his fingers crossed that you will agree to buy it.

You need to be careful!

Many new borrowers fall into this trap and agree to this deceptive solution.

However, it must be loudly proclaimed that mortgage insurance is a bad idea.    

There is another alternative that will cost you less and which would guarantee you much better protection: individual life insurance.

Below is a comparison explaining the advantages of individual life insurance compared to mortgage insurance.

To check if you are paying too much (like 85% of Quebecers), simply fill out the form at the top of this page.

You will see how much you can save by replacing your current protection. (You can replace it at any time.)

Compare mortgage insurance with life insurance to know the differences

To completely understand the distinctions between these two types of insurance, below is a table comparing the function of each one.

Overall, you probably realize that one of these two products is THE SOLUTION that is advantageous for you.

If you don’t need to get mortgage insurance, follow the advice of all experts in the field of finance and turn to individual life insurance.

Whenever you sit in front of a banker and he makes an offer, don’t hesitate to refuse; you will certainly save a fortune!

Don’t take chances and speak to a professional to get your hands on the best solution for your needs! (check below how to do this)

Learn how to shop for life insurance without worries!

The users of this platform benefit from the assistance of our partners (experienced life insurance brokers and insurers).

One of our partners (from your area) will look at your profile to make you a proposal.

Get your hands on insurance that will protect your family from your mortgage loan…
Save on the cost of mortgage insurance.