Mortgage-Life-Insurance-for-Seniors-1

Protect what you love and save up to 30%

Insurance Company has been serving policyholde protecting businesses, mitigating Travel Insurance for added peace of mind.

What is Mortgage life insurance?

Mortgage life insurance is a policy that pays off the balance of your mortgage should you die. It often is sold through banks and mortgage lenders. The payout goes to the mortgage lender, not your family. The payout matches your mortgage balance, so the potential payout amount decreases over time.

Who should consider This Insurance?

If you only need insurance for a specific period of time (say, when your kids are growing up or for the length of your mortgage), then consider term. If, however, you need life insurance for as long as you live (for things like burial expenses or income replacement for a spouse), consider permanent coverage.

There are two main benefits to mortgage life insurance

1. A free and clear mortgage. In the event of your death, mortgage life insurance is designed to pay the balance of your home loan to the bank.

2.Minimal underwriting. Typically, mortgage life insurance requires very little underwriting.

Types of Life Insurance Policies for your benefit

1. Term Insurance

2.Permanent Insurance

3.Universal life insurance

Term Insurance

Term life insurance provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.

Permanent Insurance

Permanent life insurance is an umbrella term for life insurance policies that do not expire. It combines a death benefit with a savings portion. It is guaranteed to remain in force for the insured’s entire lifetime, provided required premiums are paid, or to the maturity date.

Universal life insurance

Universal life insurance is a type of cash value life insurance, sold primarily in the United States. Under the terms of the policy, the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest.

Take the worry out of life with insurance protection

Peace of Mind

Peace of Mind

Insurance Company has been serve protecting businesses, mitigating.

Set for Life

Set for Life

Customers told us the things they dislike most insurance. We listened and created.

Tailored Cover

Tailored Cover

We guarantee at your next renewal, you'll get the same or an even better price.

Start with your zip code to compare car insurance

    Start with your zip code to compare Home insurance

      Start with your zip code to compare life insurance

        Start with your zip code to compare health insurance

          945+ Reviews

          Client Logo
          Maria Marlin Retired Govt Officer, ON, Canada

          Very helpful fully explaining the different plans. Cash value is accessed via loans, which accrue interest and reduce cash value our valuable items.

          Client Logo
          Maria Marlin Retired Govt Officer, ON, Canada

          Very helpful fully explaining the different plans. Cash value is accessed via loans, which accrue interest and reduce cash value our valuable items.

          What happens if...

          Stories and information to help you plan, prepare and protect
          what matters most.Stories and information to help

          Protecting businesses place great weight on lots of things. But what we don’t really seem.

          Protecting businesses place great weight on lots of things. But what we don’t really seem.

          Protecting businesses place great weight on lots of things. But what we don’t really seem.

          Protecting businesses place great weight on lots of things. But what we don’t really seem.

          Protecting businesses place great weight on lots of things. But what we don’t really seem.

          Protecting businesses place great weight on lots of things. But what we don’t really seem.