Your mortgage is the single largest purchase you will likely make in your life. Therefore, insurance coverage is an important consideration. In addition to my mortgage brokering license, I also have a life insurance brokering license. You are not required to take life insurance on your mortgage but many times there is a practical side that begs the question “what happens if something happens?” Why wouldn’t you protect your largest investment?
Mortgage insurance (often referred to as creditor insurance and offered by many financial institutions) and life insurance are VERY different and here is why you may want to consider getting LIFE INSURANCE in place now:
Remember life insurance is most cost effective when you are young and healthy…it’s cheaper to buy 10 years too early then 1 minute too late!
Being a life insurance broker gives me the option to customize an insurance package to include any of the below to fit your needs.
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