Knowing Your Coverage
Bank Mortgage Insurance versus Mortgage Life Insurance
Who Owns Your Policy - You or Your Lender? What Are Your Options or Do You Have Any?
| Benefit | Bank & Lending Institution | Insurance Company |
| Guaranteed Coverage | No | Yes |
| Level Coverage Available | No | Yes |
| Decreasing Coverage Available | Yes | Yes |
| Non Smoker Rate Available | No | Yes |
| Smoker Rate Available | *Blended rate only | Yes |
| Choice of Beneficiary | Lending Institution is sole beneficiary |
Yes |
| Portable to New Mortgage | No | Yes |
| Policy Contract Issued | No | Yes |
Who Manages Your Funds - You Or You Lender? More Coverage with Term Life Insurance
Better Mortgage Insurance can help you understand the benefits to Mortgage Insurance that will ensure you are covered.
Take the time to watch the
© CBC Marketplace video
© CBC Marketplace video
"Mortgage insurance:
Not always a sure thing"
Not always a sure thing"
 |
"In Denial" |
It's an eye opener that
is well worth watching!
We Make it as EASY as 1-2-3
A Division of OVI - Ottawa Valley Insurance