Many Calgarians who sign the dotted line at the bottom of a mortgage agreement are overwhelmed by emotions: it’s the first step in securing a long-running investment, starting a family household, and moving ahead in adulthood.
Important Facts About Mortgage Life Insurance
In the event that something were to happen to you, what would happen to your home? Would your spouse be able to pay the mortgage? Mortgage Life Insurance will provide the protection your loved ones need in case of death, illness, or disability.
If you have a mortgage, this coverage could be the best possible financial move you make for your family.
What is Mortgage Life Insurance?
If you purchase mortgage life insurance, it’s designed to pay off your mortgage when you die. This frees your family from worrying about making any mortgage payments and offers them peace of mind, knowing their home is already paid for.
Do You Need Mortgage Life Insurance? Here Are 6 Key Questions To Ask Yourself!
If you are wondering if you should purchase mortgage life insurance, then you should ask yourself the following questions:
- If you unexpectedly die or become disabled, who are you leaving your debt to? Will they be able to manage it?
- Can your spouse and/or family afford to pay the mortgage without your income?
- Do you have enough life insurance to cover the mortgage in the event of your death?
- How many years do you have left until your mortgage is paid off?
- Can you continue paying for your mortgage if you’re out of work for an extended period of time (whether it’s due to unemployment, disability, or illness)?
- Can you afford the monthly mortgage life insurance premiums?
If you are concerned about your family’s financial stability and their ability to continue making mortgage payments in case you pass away or are injured, then you might want to seriously consider mortgage life insurance.
If you are unsure whether mortgage life insurance is the right product for you, one of our agents would be happy to conduct a needs analysis and help you settle on the right insurance option. Simply call us at 1-866-821-1439!
Why You Should Apply For 20/20 Mortgage Life Insurance
Unlike with traditional bank-issued mortgage life insurance, where they have control over your policy and decide if you qualify only after a claim is made, with 20/20 YOU are in charge of your policy.
Based on a simple questionnaire, we are able to confirm if you’ve been approved for an MLI or not. If you have, a policy will be sent out in a few days by e-mail.
Key Facts About 20/20 Mortgage Life Insurance:
- To apply, you only have to answer 6 simple medical questions.
- Coverage under $600,000 DOES NOT require a medical exam or blood work.
- If you aren’t approved, our licensed agents are more than happy to discuss and help you find alternative policies that give you and your family the protection you deserve.
- We are able to offer customers more affordable policies because we don’t have the overhead of large brick and mortar locations.
Call Today
Affordable Mortgage Life Insurance in Calgary
At 20/20, we understand just how important an investment your family home is. Our flexible and affordable mortgage life insurance products are designed to protect your house and your family in case of a disaster such as death or illness.
To find out more about our affordable and flexible mortgage life insurance products, and how we can help keep your family financially secure, contact us at 1-866-821-1439 or fill in our online contact form.
