MORTGAGE INSURANCE offered by your bank may be convenient, but if you are in good health, an individual insurance plan can provide superior coverage and value over the term of your mortgage. We recommend guaranteed rates with a death benefit that does NOT reduce with your mortgage.
Mortgage Insurance - YOU HAVE THE CHOICE!
By law, the Banks cannot insist that you purchase or maintain their mortgage insurance. If you already have their coverage, it can be cancelled at your option at any time. Don't worry, "cancellation WILL NOT adversely affect the other financial terms of your mortgage. Consider replacing Bank Mortgage Insurance with a "First Rate" Mortgage Protection Plan.
|Are rates competitive?||NO||YES|
|Is the coverage reducing?||YES||NO|
|Is insurance portable to new home at original rates?||NO||YES|
|On refinance, is coverage lost?||YES||NO|
|Is Provincial Sales Tax payable?||YES||NO|
|Must proceeds be used to pay-off mortgage?||YES||NO|
|With joint plan, can the survivor continue coverage?||NO||YES|
|With joint coverage, at which age is cost calculated?||Older age||Average age|
|With joint coverage, is death benefit double?||NO||YES|
|Do Non-Smokers receive a discount?||NO||YES|
|Are costs guaranteed for the mortgage term?||NO||YES|
|Are there female discounts?||NO||YES|
|Can amount of coverage be customized?||NO||YES|
|To what age can coverage be renewed?||Age 70||Age 80-100|
|Must coverage be purchased at time of mortgage?||YES||NO|
|Does coverage terminate if mortgage is assigned?||YES||NO|
|Is medical underwriting required?||YES||NO|
|Can medical underwriting costs be charged to you?||YES||NO|
|Is coverage convertible to permanent insurance?||NO||YES|
|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.
WE ELIMINATE THE FINE PRINT. Let us help you compare policy costs and terms. Call Now for your customized NO-OBLIGATION quote! 1 (800) 884-2126 or Click Here to complete your Quote Request.
“Hello Bruce C and Tugo Claims Department. I received reimbursement for the additional costs we paid to Spring Valley Hospital when Ken was a.."
“Bruce always gives a speedy response to our questions which is very much appreciated. Always very helpful with good advise.Excellent custome.."
“My wife and I travel regularly into the US for family events and to enjoy RV’ing. We are finally able to travel at ease having secured TuG.."
“Since purchasing our travel insurance with Bruce Cappon at First Rate Insurance my wife and I feel very comfortable that we are fully covere.."
“Re: Cancellation of Insurance: I was booked to go overseas from Canada fully covered by First Rate Insurance. Unfortunately due to infecti.."
“Hi Bruce, Thanks for your assistance in getting the premium refund for our unused travel time. We appreciate the great service that you prov.."
“Hi Bruce, just wanted to let you know that we received the full amount claimed re our trip interruption due to bad weather. Our friends who .."
“Hello Bruce, I want to thank you for your outstanding help every step of the way, especially all the prep work prior to actually buying the .."
“My wife and I feel very fortunate to have been introduced to Bruce through his article on travel insurance in “Canadian Moneysaver” maga.."
“It is more than 17 years ago that we contacted Bruce and signed our first life insurance contracts. As clients we felt, he has our best in.."
“Dear Bruce, Back in March of this year, my husband was hospitalized in Brandon, Florida for an emergency TIA, (mini stroke). We have been in.."
“I have been receiving insurance advice from Bruce since 1997 on a variety of insurance products. When buying life insurance, disability, cri.."
“Your timely and informative article “Insurance Coverage Even When You Make A Mistake”, recently published in the “Moneyvil.."
“Dear Bruce, I am writing to thank you and First Rate Insurance Inc. for providing my daughter with a policy from TUGO (formerly Travel Und.."
“Our efforts to secure reliable travel medical insurance was proving to be a difficult task. Finding insurance coverage for a senior couple w.."
“Just dropping you a line to thank you and say how much I enjoyed your two articles about health travel insurance. I am a cancer survivor a.."
“Hi Bruce, Just wanted to thank you for all your time and patience discussing our medical insurance options this afternoon. You are a very .."
“Dear Peter: Bruce Cappon published an article in the January 2012 MoneySaver. It was most informative. I would speculate probably a lot of y.."