Take the important step now to protect your home and family with the affordable and flexible mortgage life insurance from AIME.
Your house is a big investment - probably one of the most important you’re ever likely to make. It provides shelter for you and your family and is a haven from the outside world. But what would happen if your loved ones were to lose the roof over their heads?
Mortgage life insurance ensures this NEVER happens. Designed specifically to pay off an outstanding mortgage in the event of your death or disability, this type of insurance policy will allow your loved ones to:
- continue to live in a mortgage-free home for as long as they wish.
- cope financially in case something happens to you.
- have peace of mind, knowing they’ll always have a roof over their heads.
- spend your insurance funds in a responsible, beneficial manner.
Protect Your Family with AIME Mortgage Life Insurance
AIME Financial’s leading team of experts has developed 20/20, Canada’s first digitized paperless Mortgage Protection Product, with the aim of making insurance products such as mortgage life insurance as accessible, transparent and simple as possible.
Want to know how we can help protect your family and home?
Secure Your Family’s Future With AIME Mortgage Life Insurance
Few things can give you the peace of mind that comes from knowing that your mortgage will be paid off, and your family is taken care of, at the time of your death. A mortgage life insurance allows them to live in a debt-free home, so whatever happens, they’ll always have a roof over their heads.
At AIME, we understand the limitations associated with a traditional bank-issued mortgage life insurance. That’s why we’ve developed a product that is much more transparent, affordable, and customer friendly.
Here are just a few reasons why you need AIME mortgage life insurance:
1. Lower Premiums
AIME strives to provide a simplified insurance process while offering an extremely affordable and accessible product. Since our operating and administrative costs are significantly lower than a bank's, we can offer a cost savings of UP TO 25%.
The result? Thousands of dollars saved over the course of your mortgage. In addition, our AIME advisors always take the time to understand your unique needs and explain the most cost-effective options for you.
2. No Extensive Medical Underwriting
A big benefit of obtaining an AIME mortgage life insurance policy is the fact that we don’t require you to undergo an extensive medical examination. To be approved:
- you just have to answer 5-6 simple health questions
- NO medical tests or physicals are needed
- NO blood work is required
Based on the questionnaire, our team confirms immediately online, or through our agent, whether or not you have been approved for the mortgage life insurance. If you have, a policy is sent out by e-mail.
3. You Can Choose Your Own Beneficiary
One of the major limitations of a bank-issued mortgage life insurance is that the insurance benefit will be payable to your lender upon your death, NOT your dependants. At 20/20, we want to give you comprehensive coverage and the freedom to choose your own beneficiary.
This has many advantages because it:
- gives you more control over your mortgage life insurance
- ensures that the payout goes directly to the person you have chosen and NOT the mortgage lender
- allows your family to use your life insurance settlement in a way that’s best suited to their needs
This means that when you hold a 20/20 policy, you can rest assured that your family will have the flexibility they need to protect themselves in a variety of circumstances.
4. Portability
Mortgage life insurance is traditionally tied to your mortgage. That means, if you decide to move to another mortgage lender, you’ll have to re-qualify for coverage. Often times, you’ll be older and your premium will be much pricier.
With 20/20, your mortgage insurance policy moves with you!
At AIME, your mortgage life insurance policy is mutually exclusive of your lender. This means that even if you switch lenders, you don’t lose your protection and there’s no need to reapply or re-qualify!
5. You Can Purchase It Online
To make our mortgage products more accessible, you can purchase AIME mortgage life insurance online. However, feel free to chat with one of our licensed advisors as you go through the process and they can address any questions you may have.
Call Today
For more information on how our mortgage life insurance product can help protect your family, call our knowledgeable advisors at 1-866-821-1439 or fill in our online contact form.
