Mortgage Insurance in Calgary
Mortgage Insurance Broker Calgary is an insurance policy that protects a mortgage lender or the borrower defaults on payments, dies, or is otherwise unable to meet the agreement commitment of the mortgage. What these have in common is an obligation to make the lender or property holder whole in the event of specific cases of loss. differences between mortgage insurance and mortgage protection using life insurance and critical illness insurance. The main difference between mortgage insurance and mortgage protection using life insurance and critical illness insurance is that mortgage insurance pays the lender, and the coverage get less as your mortgage balance declines. On the other hand, Calgary Critical Illness Insurance pays you a lump sum you can use to pay your mortgage or other expenses as you choose. Life Insurance Calgary pays a tax-free sum of money to your chosen recipient, (the person who receives the benefit) when you die. The payment can cover more tha