Mortgage Insurance

Mortgage Insurance is generally life insurance (may also include some level of disability or critical illness insurance) offered by your lending institution for the amount of your secured debt. Generally speaking, privately obtained life insurance offeres a number of benefits not avalable with Mortgage Insurance.

	Our Mortgage Solution	Traditional Mortgage Insurance from Banks, Trust Companies and Credit Unions
Questions you should ask before obtaining mortgage insurance:
Can I choose my own beneficiary for the insurance proceeds?	Yes	No
Does the amount of insurance protection remains the same as you pay down the mortgage?	Yes	No
If I reduce the amount of protection, does the cost of protection also reduce?	Yes	No
Can I maintain the protection while switching mortgage institutions?	Yes	No
Is the insurance guaranteed renewable?	Yes	No
If I sell the property does the insurance continue?	Yes	No
Am I dealing with a professional advisor who is licensed to sell insurance?	Yes	No

MortgageProtection.pdf

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