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Canadians can save money when buying their new home by insuring the mortgage with term life insurance. This alternative offers the advantages of having non-taxable premiums, and the homebuyer, not the lender, names the beneficiary. For ongoing coverage, choose a policy that converts into whole life insurance once the term has been completed; many conversions will not require additional medical information. To learn more about using term life insurance to insure your mortgage, or to compare quotes online, please visit our website at http://www.life-insurance-quotes.ca.
Good article. Thank you.