MORTGAGE LIFE INSURANCE
This exhibit is based on a 200,000 Joint Life Insurance Plan for a male & female aged 33.
LEADING BANK
Annual Premium
$475.20
Plus 9% tax – $517.97
FEATURES OF PLAN
- Insurance is paid to the bank
- Mortgage must be with the bank
- Insurance ceases when you renegotiate mortgage, sell home or at bank’s discretion
- New application required if mortgage moved, refinanced, etc.
LEADING LIFE INSURANCE COMPANY
Annual Premium
$296.00
There is no tax charged
FEATURES OF PLAN
- Insurance is paid to the beneficiary named in the policy.
- Not dependant on where mortgage is.
- Insurance is non-cancellable by Insurance Company and the rates are guaranteed
- Only time to show proof of insurability is at inception or when coverage increases
- Insurance can be converted to permanent insurance
- Personalized service to implement mortgage insurance
with family’s insurance portfolio
As independent brokers, we survey the leading markets to arrange the best possible coverage at the lowest possible cost.
To request a quotation or to arrange a consultation, simply give us a call.