🇨🇦 Licensed across Canada · ON · BC · AB · MB · SK · NS · PEI · NB
⭐ 20+ Reviews 📞 (647) 995-5891
📞 Call Now ⚡ Get a Quote
🏠 Life Insurance

Mortgage Insurance

Protect your home and your family. Compare bank mortgage insurance vs. independent term life — and see why most Canadians are better off with term.

📞 Call (647) 995-5891 💬 WhatsApp 📋 Send a Message

Bank Mortgage Insurance vs. Term Life

Your bank will offer mortgage life insurance at closing. While convenient, it has significant limitations vs. an independent term life policy. Here's the critical difference:

🏦 Bank Mortgage Insurance

  • Benefit decreases as you pay down mortgage
  • Premiums stay the same — you pay more for less
  • Bank is the beneficiary, not your family
  • Post-claim underwriting (denied at worst time)
  • Tied to one lender — not portable

✅ Independent Term Life (Recommended)

  • Benefit stays level throughout the term
  • YOUR family is the beneficiary
  • Pre-approved at purchase — no claim denial surprise
  • Portable — stays with you if you switch lenders
  • Often cheaper for same or better coverage

💡 A Simple Calculation

I'll show you the exact cost difference between your bank's mortgage insurance and an independent term policy — most clients save hundreds per year and get better protection.

Ready to Get Protected?

No pressure. No obligation. Just honest advice and the best coverage for your needs.

⚡ Get a Free Quote 📞 Call (647) 995-5891
💬