Mortgage Insurance Quebec – Mortgage Life Insurance Calculator
Tell Me Why I Need Mortgage Life Insurance
Mortgage Life Insurance is insurance that is designed to pay off your mortgage in case of your death if the loan is not fully paid. Not something enjoyable to think about, but thinking about your family becoming homeless is less pleasant yet.
A lot of these types of policies decrease in term, that is the value of the policy decreases with time, assuming that the mortgage will also decrease.
This kind of policy does not work very well in today’s world, when a lot of families move often, or may have many lenders over […]