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Life Insurance for Mortgage |Mike Butean


In this article, I will talk about life insurance for Mortgage


How is mortgage insurance working?

A lot of people buy houses these days due to affordable interest rates and with the mortgage there is the mortgage insurance option which we would expect to cover us in case of unexpected. The reality is that this is not an underwritten product and you can get the surprise to not be covered when in need.

Check this CBC report to learn more:

https://www.youtube.com/watch?v=qe61HVGIwUo


What type of life insurance should I get for mortgage?

You should get an underwritten type of insurance, which could be:

-term insurance or no medical term insurance

-whole life insurance ( simplified whole life)

-mixed of whole life with term rider


Any of these life insurance options will get you proper coverage and the price of term insurance is comparable with the ones of mortgage insurance.


If you are interested to find out more

contact me directly at

647-569-3799

mike@macdevfinancial.com

https://www.mikebutean.com/



You can find a lot of interesting info about insurance and living benefits here:

https://mikebutean.thelinkbetween.ca/insurance


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