Your house is the most important purchase you’ll make and protecting it is as important.  How can you protect it?

Choices – Benefits and Drawbacks:

• Mortgage Insurance works by paying off the outstanding principal balance of your mortgage should you die, regardless of the amount left on your balance. Mortgage Insurance is usually offered by lenders.
• • Personal Insurance is your own policy and can include a combination to protect you and your family:
    • Term Life Insurance covers you for a set period of time – such as 10,20, or 30 years – at a low cost. You get to choose the coverage amount and the payout remains the same throughout the term of the policy.
    • Permanent Life Insurance provides lifetime coverage.
    • Critical Illness Insurance provides financial protection in case you are diagnosed with a serious illness. It provides you with a lump-sum payment that you can use to pay down your mortgage or cover household or medical expenses while you recover.
    • Disability Insurance provides financial protection in case you become disabled and are unable to earn an income. It is designed to replace your income loss due to injury, serious illness or mental health issues.
      

Is one better than the other?  Let’s compare:

As an independent broker, Prudentia represents multiple insurers.  We compare shop the market to provide you the best quotes.  Not all Term Insurance policies are designed the same.  Contact a Prudentia Advisor to ask out how we can help.