Congratulations on buying your new home! Now is the right time to consider the best way to insure your mortgage and make sure that it is paid out in the unfortunate event of your death.
Mortgage Insurance is a Term Life Insurance Policy that can be purchased through an Insurance Advisor or from your mortgage lender.
There are significant advantages to purchase mortgage insurance through an independent insurance advisor: He will offer you the flexibility to designate beneficiaries and will design an overall more flexible and cost-effective solution. A lender will offer limited options and the designated beneficiary is the bank.
Contact me to get a quote for Term Insurance to cover your new mortgage or to review the mortgage insurance that you had purchased from your lender.