Category Archives: Time and Money

You Should Avoid Mortgage Insurance In Canada

Posted on: December 21st, 2018 by Peter Choma

You Should Avoid Mortgage Insurance In Canada

Reason #1 Generally, you should avoid mortgage insurance because mortgage life insurance from most lending institutions is non-convertible term insurance. Therefore there is no cash value.

Reason #2 No premium flexibility. You have no flexibility when it comes to premium payments.

Reason #3 No ability to move to a permanent life insurance policy if your needs change.

Reason #4 Usually mortgage life insurance covers the exact amount of your mortgage. Policy coverage decreases as the mortgage is paid down.

Reason #5 Coverage is lost when the mortgage is paid off.

Reason #6 Your lender owns the policy and if you find a better mortgage rate at another lending institution,


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We Save You Time & Money

Posted on: December 21st, 2018 by Peter Choma

We save you time & Money! We offer pressure-free buying of individually underwritten Life Insurance from top insurance companies competing for your business. Solutions Financial has helped countless people save money on Life Insurance. Often saving hundreds of dollars, compared to what they would have paid elsewhere.


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