Does Your Mortgage Insurance Cover All the Benefits?

Listen to this Podcast

Does Your Mortgage Insurance Cover All the Benefits?

If you have a mortgage, you need mortgage insurance. Should someone in your family have an accident, become ill, or suffer something worse, mortgage insurance will help you meet your financial obligations on one of the biggest purchases you’ll ever make: your home.

Many Canadians purchase mortgage insurance through the same financial institution that hold their mortgage. But what they might not realize is that mortgage insurance sold through financial institutions don’t offer the same benefits as insurance products offered by insurance companies.

For example, the benefits from mortgage insurance sold by a financial institution are strictly tied to your mortgage, and decrease in value over time as you pay off your loan. For example, if your mortgage is worth $500,000 when you first purchase your home, your benefit will also be $500,000. After a number of years your mortgage will decrease to $100,000. At that point, the value of your insurance policy will also decrease to $100,000.

In other words, the benefit will only be used to pay your mortgage, and can’t be used to cover other living expenses if you’re struck by critical illness, or as protection for your family in the event of your death.

A term life insurance policy from an insurance company is not married to your mortgage. Using the above scenario, your policy will remain fixed at $500,000 throughout its lifetime regardless of the value of your mortgage. This way, you can allocate the funds wherever you see fit in the event of death, critical illness, or disability. This includes payments towards vehicle loans, second property mortgages, personal lines of credit, RRSP contributions, and other financial obligations that would be impacted by a sudden loss of income.

Take a look at the benefits insurance companies offer that you might not be getting with your financial institution:

  • Guaranteed rate for the life of the policy
  • Fixed insurance amount in the event of disability, critical illness, or death
  • Option to convert your term life policy into permanent life insurance
  • Full control over choice of beneficiaries
  • Complete freedom to use the money as you see fit
  • You stay insured if you switch financial institutions

You’ll need this kind of coverage in the event of an emergency, and the peace of mind it brings when your family needs protection and support the most.

Carte Risk Management Inc. in Mississauga, Toronto, and the GTA

To learn more about how term life insurance can protect your family, call your financial advisor . We’re here to help!

3,749 thoughts on “Does Your Mortgage Insurance Cover All the Benefits?

  1. comprar viagra says:

    Hablar con la pareja sobre el problema, o buscar consejo y apoyo externo puede ayudar. En cambio, si se origina por causas psicológicas, la impotencia suele producirse durante un periodo de tiempo concreto (mientras dure la situación de estrés, por ejemplo).

  2. cialis genérico says:

    En algunos casos, la preocupación en tener y mantener la erección acaba por tornarse el principal foco, haciendo que el acto sexual en sí quede en segundo plano. Una vez que se vea comprometida la acción de los vasos sanguíneos de retener sangre, se convierte en un inconveniente para conseguir una erección.

  3. descripción says:

    Disfuncion erectil 40 años. Vamos a empezar con nuestra pareja a hacer el amor, pero como todo simulacro, no es real. Puede haber varios factores que contribuyen a la impotencia. Cialis 72 horas…

  4. comprar viagra says:

    La baja autoestima también puede ser un signo de otros problemas psicológicos como la depresión. Pero la disfunción eréctil no es necesariamente una parte inevitable del proceso de envejecimiento. Si bien la disfunción eréctil es un problema profundamente personal, no es algo que deba sufrir solo. Puede provocar efectos secundarios como dolor de cabeza, sofocos, trastornos gastrointestinales o visuales.

  5. cephalexin drug says:

    Bronchitis is an inflammation of the bronchi, when there is a narrowing of their lumen, breathing becomes difficult, there is a cough with sputum. Let’s further define what bronchitis is. Symptoms and antibiotic treatment of this disease will be discussed in the article.

  6. propecia en espana says:

    No entanto, no caso da mulher é fundamental que antes de procurar por um tratamento cirúrgico seja feita uma pesquisa acerca de outras possíveis causas clínicas, como doenças da tireoide, anemia profunda, desnutrição e outros fatores que possam provocar a queda capilar.

  7. ver más says:

    Estas sustancias constriñen los vasos sanguíneos, haciendo difícil que los fluidos lleguen de forma eficiente al pene. Llevamos unos pocos días menos viendo y viendo y autocontrolandonos, tocandonos/martubandonos poquito, parando y volviendo a empezar. …

  8. Best Dead Cells Builds says:

    Right here is the right webpage for anyone who would like to find out about this topic. You understand a whole lot its almost tough to argue with you (not that I actually will need to…HaHa). You certainly put a new spin on a topic which has been discussed for ages. Wonderful stuff, just excellent!

  9. Pingback: sildenafil generic

  10. Pingback: mens ed pills

  11. Pingback: male erection pills

  12. cbd oil reviews says:

    Thanks for some other informative site. The place else could I get that kind of info written in such an ideal means? I’ve a challenge that I’m simply now running on, and I have been at the look out for such info.|

  13. Pingback: medicine for impotence

  14. Pingback: buy cialis online

  15. Pingback: canadian online pharmacy

  16. Jamesdab says:

    viagra results viagra viagra generic how long does it take for viagra to work
    natural viagra alternatives that work viagra pills viagra without a doctor prescription 150 mg what helps viagra work better
    over the counter viagra 100mg viagra without a doctor prescription generic viagra online viagra

  17. Pingback: cialis online

  18. Pingback: Google

  19. Pingback: levitra for sale

  20. Pingback: Umzugsfirma Wien

  21. Pingback: Коллеги посоветовали интересное горячее

  22. Pingback: levitra 10 mg

  23. jjnormal says:

    I know this if off topic but I’m looking into starting my own weblog and
    was wondering what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny?

    I’m not very internet savvy so I’m not 100% positive.

    Any recommendations or advice would be greatly appreciated.

  24. Pingback: Sonia Randhawa

  25. Pingback: real casino online

  26. Pingback: Digital

  27. Pingback: Buy counterfeit money online

  28. Pingback: wind creek casino online games

  29. Pingback: Ayurveda Online Shop

  30. Pingback: Sonia Randhawa

  31. Pingback: viagra price

  32. Pingback: kratom near me

  33. Pingback: Amsterdam escorts

  34. Pingback: cbd oil

  35. Pingback: maeng da kratom

  36. Pingback: parx casino online

  37. Pingback: Sonia Randhawa

  38. says:

    фитнес резинки блогеры
    резина для тренировки
    где купить фитнес резинки
    esonstyle резинки для фитнеса киев
    лента эспандер резинка эластичная для фитнеса
    1.5 м prolfi mѕ 1059 подробнее ht
    резиновая петля для спорта

    Mу web blog – заказать фитнес резинку (

  39. Pingback: 5euros

  40. Pingback: online casinos for usa players

  41. Pingback: Sonia Randhawa

  42. Pingback: Sonia Randhawa

  43. Pingback: SEO Melbourne

  44. Pingback: 5euros

  45. Pingback: instant loans

  46. Pingback: Tailored Training

  47. Pingback: no credit check loans

  48. cbd store says:

    I’m the owner of JustCBD brand ( and am aiming to broaden my wholesale side of company. It would be great if anybody at targetdomain can help me ! I thought that the most suitable way to do this would be to reach out to vape companies and cbd stores. I was really hoping if someone could recommend a reputable site where I can purchase CBD Shops Business Data I am already looking at, and Not sure which one would be the most suitable option and would appreciate any assistance on this. Or would it be much simpler for me to scrape my own leads? Suggestions?

  49. Pingback: cash loan

  50. AZowneito says:

    i need financial aid i need a loan now i need loan current interest rate to borrow money. loans online cash advance app reviews viagra trial pack ed trial pack why do we need financial literacy, i need financial advice. where can i borrow a loan online in debt need financial advice 600 b4ea2a4 why do you need financial assistance, interest rate calculator for gold loan, need financial assistance immediately. i need a financial helper need a financial statement, get a small loan online fast loans online same day payment. interest rate calculator on home loan uba online loan application, merchant cash advance reviews apply for a loan online and get it today.

  51. Pingback: casino games online

  52. Pingback: viagra for sale

  53. ASleeta says:

    office software compatible with microsoft buy autocad ibm office software free. office software cost radeon-software-adrenalin-2020 blog f4ba750 office software mac free download, neosat i5000 new software 2020 download. software windows 2020, vidmate software 2020 ka micromeritics asap 2020 software download latest software for pc 2020. office file recovery software free download autocad software 2020 system requirements, smadav 2020 software download.

  54. Pingback: best real money online casinos

  55. Pingback: casino bonus utan insättning 2020

  56. Pingback: cialis to buy

  57. Pingback: Reverse telephone directory

  58. AFrirway says:

    warts on face std treat warts at home. filiform wart on face removal japanese wart remover best wart remover warts treatment in patanjali, warts removal uk. laser for warts on hand wart remover hurts, warthin’s tumor treatment. warts on feet when pregnant, warts.on face warts treatment by homeopathic medicine. treatment plantar wart child treatment for warts removal, infected wart on finger treatment treat warts hands. wart treatment nitrogen, wart on your face. genital warts treatment in kenya, genital warts best treatment genital warts treatment in kenya. compound w wart remover pregnancy wart treatment on foot, genital warts treatment in ghana how to treat warts on feet. treating genital warts with imiquimod, treatment for common warts on fingers. wart remover unichem wart removal treatment ific 09e868f wart remover expire. infected wart on finger seed warts on hands umas bazuka wart remover reviews how to treat warts on my feet.

  59. Pingback: casino games real money

  60. Pingback: online casinos

  61. Foot Ball says:

    I absolutely love your website.. Pleasant colors & theme. Did you create this amazing site yourself? Please reply back as I’m trying to create my very own site and would love to find out where you got this from or just what the theme is named. Kudos!

  62. Glr Fasteners says:

    Good post. I learn something totally new and challenging on blogs I stumbleupon on a daily basis. It will always be interesting to read articles from other writers and practice something from their sites.

  63. BCedtatty says:

    a financial need i need a loan with bad credit need loan dave cash advance reviews. where can i get instant loan online in nigeria i need free financial advice, current interest rate to borrow money. m pesa loans online lowest rate to borrow money 4000 887c1f8 i need financial help to pay my bills, get an instant loan online with bad credit, uba online loans. online loans fast canada get a payday loan online fast, e signature payday loans where to get a personal loan with low interest rate. where can i borrow a personal loan get loan online with bad credit, loans till payday online where can i borrow money with low interest.

  64. Pingback: big black cock enter's rajapandi's tender asshole

  65. Pingback: cialis generic

  66. Solar Harmonics says:

    I was excited to find this page. I need to to thank you for your time due to this fantastic read!! I definitely really liked every part of it and i also have you book-marked to see new things in your site.

  67. Phoenix PPC management says:

    A motivating discussion is definitely worth comment. I do think that you need to write more about this issue, it might not be a taboo subject but generally people do not talk about such topics. To the next! All the best!!

  68. Pingback: 20 cialis

  69. launch ad says:

    Hi there! I could have sworn I’ve visited this website before but after browsing through some of the articles I realized it’s new to me. Anyhow, I’m definitely happy I came across it and I’ll be book-marking it and checking back often!

  70. Fat Fish says:

    May I simply just say what a comfort to discover an individual who genuinely knows what they are talking about on the web. You certainly realize how to bring an issue to light and make it important. More and more people have to read this and understand this side of the story. I was surprised that you are not more popular given that you most certainly have the gift.

  71. Pingback: cialis to buy

  72. Pingback: Handlateknik

  73. Pingback: غرور كبرياء

  74. Pingback: الغدر والخيانة

  75. Pingback: الم

  76. Pingback: 5euros

  77. Pingback: 5 mg cialis

  78. Pingback: Royal CBD

  79. Pingback:

  80. Pingback: cbd vs thc

  81. Pingback: Royal CBD

  82. Pingback: Royal CBD

  83. Pingback:

  84. Pingback:

  85. Pingback: RoyalCBD

  86. Pingback:

  87. Pingback:

  88. Pingback:

  89. Pingback:

  90. Pingback: play for real online casino games

  91. Pingback: how to take cbd oil

  92. Pingback:

  93. Pingback: RoyalCBD

  94. Pingback: RoyalCBD

  95. Pingback:

  96. Pingback: Royal CBD

  97. Pingback:

  98. Pingback: RoyalCBD

  99. Pingback: cbd washington state

  100. Pingback:

  101. Pingback: north dakota cbd

  102. Pingback: tennessee cbd

  103. Pingback: Royal CBD

  104. Pingback: is cbd legal in ohio

  105. Pingback: oregon

  106. Pingback: is cbd legal in pennsylvania

  107. Pingback: is cbd legal in new york

  108. Pingback: new mexico cbd

  109. Pingback: new jersey

  110. Pingback:

  111. Pingback: Royal CBD

  112. Pingback: cbd oil michigan

  113. Pingback: cbd oil minnesota

  114. Pingback: cbd oil maryland

  115. Pingback: cbd massachusetts

  116. Pingback: cbd oil kentucky

  117. Pingback: maine cbd

  118. Pingback: iowa

  119. Pingback:

  120. Pingback: RoyalCBD

  121. Pingback:

  122. Pingback: Royal CBD

  123. Pingback: cbd delaware

  124. Pingback: cbd oil arkansas

  125. Pingback: cbd oil colorado

  126. Pingback: cbd california

  127. Pingback: Royal CBD

  128. Pingback: alabama

  129. Pingback: beginner guide cbd oil

  130. Pingback:

  131. Pingback:

  132. Pingback: RoyalCBD

  133. Pingback:

  134. Pingback: gambling games

  135. Pingback: Royal CBD

  136. Pingback: RoyalCBD

  137. Pingback: why cbd oil not certified organic

  138. Pingback:

  139. Pingback: Royal CBD

  140. Pingback: CBD gummies for anxiety

  141. Pingback: RoyalCBD

  142. Pingback: best CBD pills

  143. Pingback: Juul Pods

  144. Pingback: اغاني

  145. Pingback: MILF

  146. Pingback: lesbian porn

  147. Pingback: casino online slots

  148. Pingback: sie sucht ihn wochenspiegel