Most people carry some sort of debt – a mortgage, line of credit, or some other debt. To leave your loved ones with one income they typically would not be able to handle the debt payments and would be left in a very difficult position.
Mortgage insurance works by providing a fixed amount of insurance at a fixed price for a specific term (typically matching the term of your debt). This mortgage insurance is very different from what the bank will sell you. The insurance that often is built into your mortgage decreases over time, is often expensive, and is not underwritten until after you have made a claim. It is not actually insurance! At Forest City Life we can help you get true mortgage insurance that will be guaranteed to ensure your families debt will be taken care of.
– The coverage is based on a fixed duration or term (for example, 10, 20, 30 years) and it can be renewed after the term expires without medical
– Mortgage life insurance is the lowest cost coverage available and can match the term of your mortgage
– The coverage amount stays flat (unlike coverage you receive at a bank that decreases as your mortgage decreases)
– Benefits are paid tax-free to your beneficiaries (not to the bank or lender)
SimpleInsurance.ca works with every Canadian insurance company to find you the very best price based on your specific needs. If you have a health concern or concerned about your specific situation, we can find the insurer that is best for you and will give you the most competitive price.
SimpleInsurance.ca has a simple approach to help you find the coverage you need. With technology replacing the hungry, commissioned insurance salesman, we are able to streamline the insurance process to be fast, efficient and affordable. SimpleInsurance.ca has been operating across Canada since 2011 and has helped thousands of Canadians get the needed coverage to protect themselves and their loved ones.Compare Quotes