Fraser Valley Real Estate Blog

Insuring your mortgage with a term life insurance policy can be a less expensive alternative to the traditional bank mortgage insurance. Canadians save additional money using term life insurance as the premiums are non-taxable. The homebuyer and not the lender has the power to name the beneficiary of the policy. For ongoing coverage, choose a term life policy that converts into whole life insurance once the term has been completed; many conversion policies won't require any additional medical questionnaires to be submitted. For more information regarding the advantages of using term life insurance, or to compare quotes online, please visit our website at http://www.life-insurance-quotes.ca.