St. John's Real Estate

Using term life insurance to insure your new mortgage can be a less expensive alternative to bank mortgage insurance. Not only are the premiums usually cheaper, but Canadians benefit by the term life premiums being non-taxable. The term life policyholder names the beneficiary instead of the lender. For long-term coverage, choose a term life policy that can convert at the end of the term into whole life insurance; this usually will not require additional medical information. If you would like to learn more about the advantages of insuring your mortgage with term life insurance, or to compare online quotes, please visit http://www.life-insurance-quotes.ca.