Not to be confused with the insurance that is required by law if you put less than 20% down on a house (that protects the lender), mortgage life insurance protects you and your family. Should you or anyone else responsible for making the mortgage payments on your property pass-on, mortgage life insurance pays your mortgage balance for you.
Life regular life insurance, this insurance ensures that your family is looked after in the event of an unexpected death. This insurance means that your family will always have a home to live in - mortgage free.
Mortgage life insurance an be purchased (it is deducted monthly from your bank account) when you get a new mortgage, or added later to an existing mortgage. Premiums are very reasonable. Call us at 780-474-7900 for details.