When your clients buy mortgage life insurance, they are buying their family “peace of mind” knowing that, if the unexpected happens, cash will be paid to their beneficiary to cover mortgage payments or even pay off the outstanding balance.
By choosing preferred term life insurance from BMO Insurance for your client’s mortgage protection:
- both premiums and coverage are fully guaranteed
- coverage is fully portable - stays in place when they change homes or mortgage lenders
- benefits are paid directly to your named beneficiary, tax free, for their use as needed
- coverage is convertible to lifetime coverage without medical requirements
- depending on their health, they may qualify for a preferred rate
Your client’s mortgage debt may decrease over time, but their preferred term life insurance benefit does not have to.
Clients can maintain their life insurance benefits to cover the remaining mortgage debt plus other obligations such as personal loans, credit card balances, college tuition, funeral expenses or providing an income for surviving family members.
By adding critical illness coverage from the BMO Insurance plan, you will benefit from:
- industry leading number of covered conditions
- benefits are paid directly to you, not your beneficiary or mortgage lender
- payment is not dependent on your ability to work"
- coverage is convertible to a long-term critical illness plan without medical requirements
- Best Doctors and Helping Hands assistance services at no extra cost
For further information, please contact:
Phone # 1-866-955-7624, select option 9
Fax # 1-877-318-4547
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