Mortgage Insurance Program

Mortgage Insurance Program TorontoProtect your home, not your lender, with the SAFEBRIDGE Mortgage Insurance Program. Most lending institutions offer mortgage life insurance as part of their mortgage packaging, but look carefully before you sign on the dotted line. You could find yourself locked into insurance that does more to protect your lender than you.

Here’s how our proprietary Mortgage Insurance Program can help protect you and your family

  • It’s about having control. With our customized Mortgage Insurance Program, you own the policy, not your lender. That means that you have the freedom to choose your own beneficiary and decide what type of insurance best suits your individual needs. You will also be able to switch your mortgage for a better rate at another lending institution without jeopardizing or having to medically re-qualify for your life insurance coverage.
  • It’s about being covered. With our Mortgage Insurance Program, your insurance is medically underwritten upfront. This means that any life insurance proceeds are guaranteed to be paid out in a timely manner. In comparison, lending institutions begin in-depth underwriting at the time of claim. If a medical history is discovered after the fact, you may be ineligible to make a claim for any cause or condition. At the very least, the claim process can be significantly delayed.
  • It’s about getting the most for your money. Mortgage insurance offered by lending institutions decreases as the mortgage is paid down, yet your premiums remain the same. With our Mortgage Insurance Program, your coverage remains level. In the event of a claim, your premium dollars will provide your beneficiary with guaranteed life insurance proceeds at the same level of
    coverage as at the time of application.

For more information or to find out how much you can save on your mortgage insurance premiums, please contact us at your convenience.

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