MORTGAGE INSURANCE

MORTGAGE INSURANCE

Have you just bought a home? Moving in with your loved one or your family? Mortgage Insurance is here to protect your home and ensure your loved ones can stay in their safe haven in case of tragic death, disability, or illness of the home owner. Losing a member in the family is a sensitive and vulnerable time, and this pain is heightened if your home is taken away. Mortgage Insurance supports you in time of strife, paying your mortgage, so your focus can stay where it is most needed – your health and heart.

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ASM INSURANCE VS BANK INSURANCE

QUESTIONS MORTGAGE INSURANCE THROUGH US MORTGAGE INSURANCE THROUGH BANK
Can it help cover mortgage? Yes Yes
Does coverage stay same throughout term Yes, coverage stays level No, coverage reduces to mortgage balance
Can we choose the beneficiary? Yes No, benefit goes to the bank
Can we choose the insurance term? Yes No
If we change mortgage lender, does our coverage end? No, your insurance is independent from your lenderYes Yes, your insurance is tied to the lender
Can we cover partial mortgage? Yes, you can get coverage based on affordability No
Is medical underwriting done at time of application? Yes No, it is done at time of claim
Does premium stay the same? Yes Yes, but coverage decreases with time
Where do we apply? Through us, online or in person Through bank
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ADDITIONAL BENEFITS & FEATURES OF MORTGAGE INSURANCE, THROUGH US

  • Can cover Full Mortgage amount in case of unexpected death

  • Can cover monthly mortgage payments in case of disability

  • Can take partial coverage depending on budget. This is particularly helpful for those purchasing homes at a higher age group.

  • Coverage can be added to same plan if a new home is purchased with higher mortgage.

THE ISSUE OF BANK MEDICAL UNDERWRITING

Medical underwriting is an important part of the approval and claims process. The manner in which it is approached has statistically shown a significant difference in the success of a claim. When you apply for mortgage insurance through us, your medical underwriting is done at the time of application. With banks, it is done at the time of claim. This means that, although you may think you qualify for insurance with a bank, the bank will check your medical history at time of claim and determine whether or not you actually qualify for insurance in the first place. In short, you may be paying for mortgage insurance for several years that you do not actually have. Mortgage insurance, through us, ensures full transparency with the insurer at time of application so you are paying for insurance you definitely own. This is the type of peace of mind your family deserves.

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WE'RE IN THE BUSINESS OF PROTECTING YOUR FUTURE