Don't Accept Your Bank's Offer
for Mortgage Protection

 

Most lending institutions offer mortgage life insurance as part of their mortgage packaging. But look carefully before you sign on the dotted line. You could find yourself locked into insurance that does more to protect your bank than you.

 

With personal life insurance, your coverage doesn't decrease as your mortgage is paid down. Most importantly, should your family face tragedy, your personal life insurance will be paid out to your family, who can then decide what is best for them. The bank's insurance benefit will go straight to themselves. Wouldn't you want your family to have the freedom of choice?

 

 

Coverage DECREASES With Bank Sponsored Mortgage Protection

 

 

Graphs courtesy of
Canada Life

With personal insurance, your coverage STAYS LEVEL.