This type of insurance covers your mortgage payments in the event of disability or death. Regardless of whether or not you are married or have children, it’s important to protect yourself and your loved ones. To learn more, visit https://micasf.com/en/life-and-health-insurance/.
The importance of mortgage loan insurance
A mortgage loan insurance policy tailored to your needs is the best way to avoid surprises and alleviate the financial burden on your loved ones in the event of death or disability. And there’s no need to wait to renew your mortgage! What does it do?
Repays the balance of your mortgage in the event that the insured person dies, clearly identifying your chosen beneficiary (not the financial institution that made the loan).
Pays a monthly benefit equivalent to the monthly mortgage payment in the event that the insured person is disabled.