Save on your mortgage insurance.
Your bank offers to subscribe to a mortgage insurance? Read the information here before signing your contract.
This could save you a lot of money and provide additional benefits, as described below.
The advantages of taking out mortgage insurance with Protecto Assurances
As insurance brokers we always compare and analyze the best offers from reputable insurers. This allows us to offer the following benefits:
| Mortgage Insurance with Protecto Assurances | Mortgage Insurance with a bank | |
|---|---|---|
| You choose the beneficiary. | ✓ | ✗ |
| Upon your death, the benefit is paid directly to your beneficiaries. | ✓ | ✗ |
| You choose the amount of insurance you want. | ✓ | ✗ |
| Life insurance rates do not change every time you refinance your mortgage. | ✓ | ✗ |
| You can turn your term insurance into permanent insurance. | ✓ | ✗ |
| Rates are better for insureds who are in good health and stay healthy, as well as for non-smokers. | ✓ | ✗ |
We will compare the prices of all major insurers to offer you an optimal solution.
*Example: A couple, Jacques 39 years old, non-smoker and Évelyne 35 years old, non-smoker, bought a house with a mortgage of 250 000$ over 25 years.
The mortgage insurance premium taken out with their bank: 141,60$ / month.
After a while, they decided to opt for an individual insurance with an insurance company through the broker Protecto Insurance.
New premium: 92,94$ / month, so the monthly saving totals 48,66$ over 25 years:
14 600$.
The mortgage insurance premium taken out with their bank: 141,60$ / month.
After a while, they decided to opt for an individual insurance with an insurance company through the broker Protecto Insurance.
New premium: 92,94$ / month, so the monthly saving totals 48,66$ over 25 years:
14 600$.
