Mortgage Life Insurance

Mortgage Life Insurance is conveniently offered through a lender or bank when concluding your mortgage documents. It is very important for consumers to know that these policies are inferior disability or life insurance contracts and can leave you or your loved ones without the financial security intended at time of purchase.

These policies are a perfect example where, “The large print giveth and the small print taketh away.”

Often times the policies are sold by someone who is not licensed to sell life and health insurance and is unaware of how the contracts are designed grossly in favour of the insurer, and in the eyes of some… to avoid payout.

What We Offer

At Redcliffe Financial Group, we work to replace and cancel these policies wherever we can with a medically underwritten “water tight” term life insurance policy. There are several options available and we provide a market survey which includes all major Canadian life insurance companies in Canada.

The video link below on Mortgage Insurance produced by CBC Marketplace expands further using real stories of people being declined benefits as a result of the small print caveats found in these bank or mortgage disability and life insurance policies. You can view the video at the following link:

http://www.cbc.ca/marketplace/2008/02/06/in_denial/

Work With Redcliffe Financial Group

Contact us today if you believe you may hold a Mortgage Life Insurance policy or you wish to learn more about your options when purchasing life insurance.