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Mortgage loans, mortgage lines of credit, personal loans, personal lines of credit, etc. are quite common, and like most people you probably use this alternative to meet your financial obligations. Credit insurance, often offered in conjuncture with these types of credit, is intended for anyone who has a mortgage and/or personal loan and/or line of credit. To meet your credit insurance needs and ensure financial security in the event of death, critical illness or disability, you can subscribe to flexible term life insurance which offers a full line of features and distinctive advantages.
Features and advantages of Mortgage insurance:
- You can insure all types of loan or line of credit, both personal and mortgage.
- You can select life insurance coverage on an individual or joint basis.
- Flexible protection with a term of up to 30 years.
- Your premiums are guaranteed and remain the same for the duration of your coverage.
- You can opt for additional coverage that protects you in the event of disability and/or critical illness.
- You can convert your credit insurance coverage into permanent life insurance according to the evolution of your needs, regardless of your state of health.
- Rather than subscribe to credit insurance for each of your active loans, you can now consolidate all your loans by subscribing to a single insurance policy, which allows you to adapt the premiums to your budget.
- Your contract remains in force if you change lenders.
- You can negotiate the best loan rate from the financial institution of your choice and keep your insurance intact, regardless of changes in your state of health.
- In the event of death, the money is paid tax-free to the beneficiary of your choice. The beneficiary can use the money in any way he/she pleases.
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