The purchase of life insurance to protect those you love is the most unselfish
of investments. But if you are buying or refinancing your home- be aware that
the mortgage insurance product offered by your lender may not compare
favourably with privately placed life insurance. Typically, lender mortgage
insurance products:
-
Are significantly more expensive- with no discounts for females and
non-smokers;
-
Trigger PST on premiums;
-
Provide a decreasing benefit as you pay down your mortgage (yet there is no
corresponding reduction in the premium);
-
Terminate if the mortgage is moved to another lender or paid off (with the risk
that a medical condition has left you uninsurable);
-
Do not offer a choice of insurers (i.e. no competitive bids);
-
Are unavailable in the event that you have any of about a dozen medical
conditions (investigation as to the accuracy of your initial disclosure is done
at time of payout).
At www.lawyercentric.com, you can
get instant quotes from ten leading life insurance companies. If you wish to
proceed or to obtain more information, you will deal with a qualified TermSure
representative who can answer your questions and guide you through the process.
Simply enter your gender, birthdate, smoking history and desired amount of
coverage to obtain quotes for:
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10 year Term Life insurance
-
20 year Term Life insurance
-
Critical Illness insurance
-
Disability insurance
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