Get Mortgage insurance that protects you, and your loved ones at the best price, not mortgage life insurance sold by your bank at an exorbitant markup for THEIR profit, and protection!
The mortgage Insurance solution that your lender will try to sell you may not be the ideal solution for you. Insurance should be designed to support your loved ones. However, unless you consider your bank a "loved one", you might want to consider another option.
An individually owned term insurance plan whether it's T10, T20 or 30 year term, offers you better guarantees, a cheaper price and most importantly, the coverage does not decrease with every mortgage payment you make, as it does at the bank.
Best of all, in a Mortgage Term Insurance Policyyou can designate who you want as beneficiary, and they will get 100% of the Mortgage Insurance money, and they can decide how to use it. Your beneficiaries will be able to pay off the mortgage and keep the difference.
Private Mortgage Insurance vs Bank Mortgage Insurance
For more details on the major differences between Mortgage Insurance at the bank vs individually owned term insurance , click here.
If all you need is Life Insurance Quotes, you can get instant quotes on our home page, and if you would like straight term insurance quotes, then perhaps our term life insurance page would be better suited. In case that you would like to see some more permanet insurance, such as Whole Life Insurance Quotes then the whole life insurance page would be more appropriate.