Mortgage InsuranceConsider purchasing a product that protects you and your loved ones, not your lender
When you’re approved for a mortgage, your lender will offer to sell you mortgage insurance. This may seem convenient, but you should know that you have other options.
An individually-owned Mortgage Term Insurance Plan offers you and your loved ones better guarantees and better value, and usually at a lower cost.
Consider the benefits of a Mortgage Term Insurance Plan:
- You own the policy, not the lender.
- Your premiums and benefits are guaranteed for the life of the policy, which is not always the case with the lender.
- Upon death, the benefit goes directly to your beneficiaries and they can decide how to use the money.
- The value of your policy will never decrease.
Speak with an Allen Insurance Group advisor today to discuss which Mortgage Insurance coverage option is right for you.