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Victor Camba

 

 

 

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Compare the savings of a personal plan versus the bank's mortgage life insurance!

The chart below demonstrates the potential savings we can offer versus purchasing mortgage life insurance through your bank or lending institution.

 

Not only do we offer superior mortgage insurance alternatives, but we make them available to you at the lowest cost possible. Take a look at the savings examples below:

 

Savings Examples*
Best 10 Year Term Rate#
Best 20 Year Term Rate#
RBC Royal Bank
TD Canada Trust
Scotia Bank
Our Plan Can Save You Up To:

 

$150,000 mortgage

 

male, age 35

 

female, age 31

 

$16.63
$18.95
$27.54
$35.80
$30.78
53%

 

$250,000 mortgage

 

male, age 45

 

female, age 42

 

$34.65
$56.48
$108.00
$133.11
$110.70
74%

 

$500,000 mortgage

 

male, age 45

 

female, age 38

 

$50.85
$94.93
$216.00
$224.91
$221.40
77%

 

 

* These examples are for illustration purpose only. They must not be construed as an offer to buy life-insurance and do not form part of any life insurance contract.

# Rates as of June 12, 2008 and reflect best preferred non-smokers rates. Prices may change without notice.

 

"It doesn't add up! How can your plan cost less than all the competitors and still offer so much more?"

 

The bank and other lending institutions provide group insurance. That means that everyone, regardless of their health, gender, or smoking status, pays the same premium! The banks must do this in order to "spread the risk" of insurability, since they generally only require you to answer a few short questions about your health, but perform no investigations and require no medical tests.

 

Why should you have to pay more if you are healthy and a non-smoker?

 

The fact is, you don't have to! The plan we provide costs less because you pay according to your own personal health status. You qualify by providing medical evidence, which are standard requirements when applying for any personal life insurance plan.

 

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Return to mortgage insurance education center.

 

 

 

Click a link below to jump to another related article:

 

Compare Your Personal Mortgage Life Insurance Plan vs. The Bank's!

 

Top 3 Reasons To Avoid Bank, Credit Union, or Trust Company Mortgage Life Insurance

 

Contact a professional broker for your free consultation.

 

 

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416-855-0245

Victor Camba

Senior Financial Advisor

 

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