Mortgage Insurance: Are You Covered?

Mortgage insurance is meant to offer peace of mind. Most people pay the premiums and think they’re covered. But some have discovered – when it’s too late – that they aren’t.

Check out the report CBC Marketplace conducted a year ago.

The better solution is to have an individual life insurance.  You and your family are policy owners and beneficiaries, not your bank.  Your benefit will not decrease as you pay down the mortgage. You decide how you will manage the money when you claim.  Most importantly, you know you are covered upfront when you get the policy and have real peace in mind.

Tags: life insurance, mortgage, mortgage insurance

This entry was posted on February 22, 2010 at February 22, 2010 and is filed under Financial Education. You can follow any responses to this entry through the RSS 2.0 feed.