When you think Mortage insurance you think its insurance for my mortgage. Pretty Simple?
The problem is when your mortgage broker or Bank offers you mortgage insurance, it is actually Creditor Insurance which ultimately protects the lender first and foremost.
Life Insurance is:
- Flexible
- Cheaper
- Covers you when you actually need it
- Allows your family to Make choices
- Carries between mortgages
- Designed to look out for you, not your lender
- Can be combined with Critical Illness and Disability Insurance