Verico Insurance - Mortgage Life Insurance

Many of the clients we work with consider mortgage life insurance an option, which of course it is unless something happens to one of the borrowers. For most families today, getting by is difficult enough on two incomes, imagine how much more difficulty it would be if one of those incomes were taken away.

With Verico Mortgage Life Insurance, if one of the borrowers on the mortgage were to die the mortgage will be paid off in full. Needing mortgage life insurance is always a terrible thing to have to think about however we believe that if we set it up at the time we arrange your mortgage with a short questionnaire, we can take that burden out of your hands.

Verico Insurance is underwritten by Industrial Alliance Pacific. The monthly mortgage insurance premiums are some of the best in the industry, and for many of our young applicants the costs are very minimal. On top of this however there is one huge advantage to dealing with Verico Insurance over the banks mortgage life insurance and that is the fact your policy is not tied to the lender. This is really important, mortgage life insurance generally goes up as you get older, and in some cases can be very difficult to get as you get on in years. If at some point down the road, your bank is no longer offering you competitive rates on your mortgage and you want to move it, you can't; you don't want to lose the life insurance on the mortgage which is either too expensive or you no longer qualify for because of some new condition. With Verico Insurance, you take the mortgage insurance with you no matter who carries the loan.

When you do a mortgage with Verico Mortgage Options Ltd. we will always ask you if you are interested in receiving a quote on mortgage life insurance (we also have disability insurance and critical illness insurance), take a few minutes to look over the quote and think about all the reasons you should.