Save by refusing to buy mortgage insurance and subscribe to life insurance that is right for you.

Financial institutions in Quebec are getting rich selling new homeowners mortgage insurance. The amount you pay is gone at the end of your period of repayment and benefitted only the bank. In addition, the benefits of a mortgage insurance go to the bank should the borrower die. Consider paying less for a protection that lasts you a lifetime. This method is hardly a secret, and it does not benefit your bank. Choose a coverage that will pay off the mortgage on your home. If you want to leave a legacy to your loved ones, you can get a higher face amount. In 20 years, when your mortgage has been repaid or about to be repaid, the value of your life insurance will be the same amount when you took it out. In contrast, the amount of a mortgage insurance policy decreases at the same time as the loan balance but the premiums remain the same. Shop for life insurance in Quebec with the help of our partners, reliable insurance brokers in Quebec. The service is free and a professional will provide you with all the best possible options. Don’t make the mistake of buying mortgage insurance offered by your bank! Keep in mind that life insurance protection will protect you for a lifetime while mortgage insurance protection disappears after you pay off your mortgage.