What You Need To Know About Mortgage Insurance. Why private Life Insurance is a better choice. Who owns the insurance policy.

1. Mortgage Insurance
Or
Independent Life Insurance
#mortgage #insurance #money #realestate #mortgageinsurance #option1mortgages

2. Essential
Tips Series
& FINANCIAL PRODUCTS
WHAT’S THE BEST MORTGAGE
INSURANCE TO BUY?
Author
+Marianne Lalonde

3. YOU HAVE CHOICES
Before you say yes to mortgage insurance offered by a lender...
When you’re approved for a mortgage, your bank will offer
to sell you mortgage insurance..
Before you say yes, you should know that you have options
and better choices.
Individual Life Insurance vs. Mortgage Insurance offered
through lenders. You should ask..

4. WHO OWNS THE POLICY
I pay the premiums, so I own the policy,
right?
Life Insurance
You own the policy and you
name the beneficiaries.
Mortgage Insurance
You’re part of a group policy
owned by the lender. Your lender
is the beneficiary.

5. WHAT ARE THE OPTIONS
Life
Insurance
Mortgage
Insurance
Various options
including the
amount of
coverage
Lender will only
insure you for
the amount of
the mortgage
You can change
coverage
amount and
convert policy
You can’t alter,
renew, convert
or transfer the
policy

6. WHAT ARE THE GUARANTEES
Life Insurance
Mortgage Insurance
Premiums and Benefits are
guaranteed for the life of
the policy.
The lender can change or
cancel the policy at any
time.

7. WHAT AFFECTS THE RATE
Life Insurance
Mortgage Insurance
The premium is based on your
age, health and smoking status.
Low risk individuals pay less.
A group plan where everyone
pays the same amount. There
are no discounts available to
low risk individuals.

8. “Independent Life
Insurance is a
better choice than
Mortgage
Insurance.”
Marianne Lalonde
Option1 Mortgages
& Financial Products

9. Buy Independent Term Life
Call (800) 722-7172 now or
use our our 30 second form
for a free consultation
Insurance Comparison