Most people carry some sort of debt – a mortgage, line of credit, or some other debt. To leave your loved ones with one income they typically would not be able to handle the debt payments and would be left in a very difficult position.
Mortgage insurance works by providing a fixed amount of insurance at a fixed price for a specific term (typically matching the term of your debt). This mortgage insurance is very different from what the bank will sell you. The insurance that often is built into your mortgage decreases over time, is often expensive, and is not underwritten until after you have made a claim. It is not actually insurance! At Forest City Life we can help you get true mortgage insurance that will be guaranteed to ensure your families debt will be taken care of.
Mortgage insurance is for you if:
- You are looking to ensure your debt is gone if something happens to you
- You want a better and often cheaper policy than what the bank put on your mortgage
- You want to make sure your loved ones are not stuck with your debt
- You have a young family and want to ensure they will have enough money if something happens to you
Forest City Life works with over 20 major insurance companies across Canada allowing us to find the solution best suited to you for the best price. Our team of experts will help you find the coverage that you are looking for the best price available. When you are ready, use our free no-obligation quoting tool and we’ll take care of the rest.