Mortgage protection insurance
Custom-made solutions!
In case of the unexpected, what will you do for the payments of your mortgage? Because this is an important commitment, you need protection that will cover your family and assets in the event of death or disability. And although your financial institution may offer you mortgage protection insurance, choosing a personalized solution could be much more advantageous. Moreover, the brokers of the Phenix team can surely offer you mortgage insurance that will cover you and at an excellent rate!
Life insurance
What is mortgage life insurance?
What if your mortgage payment was done for you? What if the monthly cost of your mortgage was eliminated, and you could use the money to put towards retirement or travel?
Mortgage protection insurance is an insurance that provides protection in the event of death or disability. So, even if you are going through a rough patch in life, your mortgage payments will be covered and you will avoid additional stress. Mortgage insurance is definitely a long-term and extremely sensible solution to guarantee the financial security of your family. It is a safety net for the future!
Avoid paying high interest on your mortgage balance. Get life insurance to cover the mortgage, so that if you die during the policy’s term (usually about 15 years), your family gets a lump sum of cash.
That money can be used to pay off your mortgage or any other debts.
Mortgage life insurance
Why use a broker to buy a mortgage life insurance?
The brokers and staff of the Phenix team are completely independent. They are not linked to any financial institution and will not have a conflict of interest when advising you about your mortgage insurance. So we can suggest you the best way to protect your assets, both objectively and honestly.
If you take the time to compare the options available to you, you will probably benefit from increased protection. For example, lending institutions can only offer you a single mortgage insurance formula. While our brokers will present you different proposals, you will choose the mortgage insurance that best suits your situation and your desires!
Check out Mortgage Protection Insurance
Life insurance is an essential part of any family’s financial plan. You can use it to pay off debt, or provide an income stream for your spouse and children after your death.As a parent, you may want to take out mortgage protection insurance in case something should happen to you. You can do this by purchasing either an individual or group term life insurance policy.
We offer comprehensive life insurance policies for your mortgage. These include Mortgage life protection, Mortgage protection and Mortgage cover. You can take out a policy which is valid until the end of your term, and you'll also have options to insure additional amounts when you're building up equity in your property. You can also take advantage of flexible premiums so that the cost of your cover will reflect the repayment schedule of your home loan.
mortgage protection insurance
See below for mortgage life insurance
While mortgage life insurance is a great way to protect your property, be aware that other insurances can allow you to survive the hardships of life. For example, life insurance or disability insurance will help protect your future and those of your loved ones even in the event of misfortunate events.
Whatever your needs, our employees will take the time to listen and have full understanding of your situation and your budget, before advising you about the insurance that fits you best. Because for the Phenix team, there is nothing more important than your peace of mind and your safety!
