Mortgage Insurance in Ontario

SAY "NO" TO BANK MORTGAGE INSURANCE

Mortgage Insurance – YOU HAVE THE CHOICE!

QUESTIONS	TYPICAL BANK MORTGAGE INSURANCE	FIRST RATE MORTGAGE PROTECTION
11. Are costs guaranteed for the mortgage term?	NO	YES
12. Are there female discounts?	NO	YES
12. Are there female discounts?	NO	YES
13. Can amount of coverage be customized?	NO	YES
14. To what age can coverage be renewed?	Age 70	Age 80-100
15. Must coverage be purchased at time of mortgage?	YES	NO
16. Does coverage terminate if mortgage is assigned?	YES	NO
17. Is medical underwriting required?	YES	YES
18. Can medical underwriting costs be charged to you?	YES	NO
19. Is coverage convertible to permanent insurance?	NO	YES
20. Can you customize the policy duration?	NO	YES

** *Always consult an insurance expert before buying or replacing coverage.

** Refers to one of Canada’s Five Big Banks at time of printing. E. & O. E.