So you got your mortgage, now you are wondering if you should purchase mortgage life insurance from your bank, or personally owned insurance?
As an independent life insurance agent, I always advise my clients to get their own personally owned insurance 100% of the time. This is for many reasons. The only time I ever recommend to my clients to take mortgage life insurance from a bank, is if they don’t have any insurance, and they want immediate coverage before we apply for anything else.
The following is an infographic that explains some of the advantages of personally owned insurance over bank mortgage life insurance products. Please call me to discuss your particular situation. 514-731-2333