LIFE INSURANCE

WHY CHOOSE AMC INSURANCE FOR YOUR LIFE INSURANCE

In the unfortunate event you should become seriously ill or pass away, you’ll want to ensure that your family can financially support themselves. Life insurance aims to provide just this. While it is a policy that can be provided through work or as “Mortgage Insurance” through the bank, neither option is necessarily the best for you or your family.

LIFE INSURANCE

Life Insurance Company

  • Protects your family
  • Controlled by you
  • Fully portable – transferable to any house
  • Flexible – upon death, your family has the option of paying off the mortgage or investing the funds
  • Allows shopping for better interest rates when mortgage renews
  • Choice of life insurance plans and benefits
  • Choice of amount of life insurance coverage and face amount does not decrease as the mortgage is reduced
  • Coverage is convertible and renewable
  • Expert advice – You deal with a professional insurance adviser about life insurance and all insurance coverage can be through one broker

Bank (Mortgage Insurance)

  • Protects the bank
  • Controlled by the bank
  • Runs out when house is sold or traded
  • Inflexible – the mortgage must be paid off regardless of interest rates and other investment opportunities
  • No shopping – unless you are willing to pay higher premium and are insurable
  • Limited choices
  • Coverage must be equal to the mortgage amount and decreases as the mortgage is reduced (the premium does not!)
  • Non-convertible
  • A missed mortgage payment often means lost coverage

 

Life Insurance

GET THE BEST LIFE INSURANCE COVERAGE

WHY CHOOSE AMC INSURANCE FOR YOUR LIFE INSURANCE

In the unfortunate event you should become seriously ill or pass away, you’ll want to ensure that your family can financially support themselves. Life insurance aims to provide just this. While it is a policy that can be provided through work or as “Mortgage Insurance” through the bank, neither option is necessarily the best for you or your family.

LIFE INSURANCE

Life Insurance Company

  • Protects your family
  • Controlled by you
  • Fully portable – transferable to any house
  • Flexible – upon death, your family has the option of paying off the mortgage or investing the funds
  • Allows shopping for better interest rates when mortgage renews
  • Choice of life insurance plans and benefits
  • Choice of amount of life insurance coverage and face amount does not decrease as the mortgage is reduced
  • Coverage is convertible and renewable
  • Expert advice – You deal with a professional insurance adviser about life insurance and all insurance coverage can be through one broker

Bank (Mortgage Insurance)

  • Protects the bank
  • Controlled by the bank
  • Runs out when house is sold or traded
  • Inflexible – the mortgage must be paid off regardless of interest rates and other investment opportunities
  • No shopping – unless you are willing to pay higher premium and are insurable
  • Limited choices
  • Coverage must be equal to the mortgage amount and decreases as the mortgage is reduced (the premium does not!)
  • Non-convertible
  • A missed mortgage payment often means lost coverage

 

Life Insurance