Mortgage Insurance Comparison

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You’ve come a long way and now you’re at a personal milestone. You’ve taken out a housing loan and purchased the home of your dreams.

All that hard work has paid off, and you’re now living the life you planned for.

But as you know, there are some things you can’t anticipate. It’s always good to hope for the best, but be prepared for the unexpected.

Mortgage insurance is a decreasing term insurance. Premiums for decreasing term insurance tends to be lower than that of a usual level term insurance, which in itself is drastically lower than that of a whole life insurance with cash value. The mortgage insurance plan covers your home mortgage loan, so that if you lose your income, your family will have enough to pay off your home loan. It provides a lump sum pay out, which gradually decreases as the home loan is amortized.

With few exceptions (e.g. the family’s sole breadwinner is immortal), it’s highly advisable to have mortgage insurance. In the event you are unable meet your mortgage repayments due to sickness or injury you mortgage repayments are paid. If you prematurely die your family is protected and your mortgage is paid in full.

As Independent Financial Consultants, we provide insurance plans from most of insurance companies. We list several popular mortgage insurance plans from different insurance company for your comparison as below:

If you feel difficult to find a trusty and professional financial consultant, or if you need an independent financial consultant for unbiased advice. We can recommend a trusty financial consultant to discuss your insurance needs FREE of Charge, please fill below online form to Contact Us now. Our recommended financial consultant will contact you to make you understand how to choose suitable insurance to meet your needs.