Personal life insurance vs. mortgage life insurance

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Personal life insurance vs. mortgage life
insurance
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• Insurance is about having your family properly
  protected. When you take insurance with your
  mortgage, you have to consider a few advantages
  the personal life insurance has over the mortgage
  insurance plan with the bank

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• The personal life insurance is a guaranteed
  product. The insurance company cannot modify the
  coverage and the price
• The personal life contract pays directly to your
  family. The mortgage insurance pays to the bank

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• The personal life insurance is not affected when
  you change mortgage providers. If you are insured
  with a mortgage insurance, it would be negotiated
  every time you change lenders
• The personal life insurance is usually for a
  longer term than the mortgage contract

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• The personal insurance is with a fixed coverage
  amount, while the mortgage insurance plan is with
  a decreasing coverage amount equal to the
  outstanding mortgage balance

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• The personal term life insurance is renewable
  (you can keep it for a subsequent term) and it is
  also convertible to a longer term or to a
  permanent insurance contract. The mortgage
  insurance cannot be modified

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• The personal term life insurance in many cases
  would be more affordable than the mortgage life
  insurance.

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• To Know More Information, Visit Us

http//iassure.ca/en/life-insurance-home/