One of the larger life insurance brokers in southern Ontario. We specialize in mortgage life insurance. We are constantly shopping the market to find the most competitive product on the market for our clients.
Reasons for getting Mortgage Life Insurance are compelling.
One of the largest investments most of us will make in a lifetime.
Questions for your Client:
- If you were to die prematurely, could your family continue making the mortgage payments? Would the security of your home be taken away?
- If you were unable to work as a result of sickness or injury, could your family continue to make the mortgage payments? Would the security of your home be taken away?
Group Creditor Insurance
Advantages:
- Quick implementation if clients are in good health. They must answer "no" to all the health questions.
- No medicals required (in most cases).
- Competitive group rates.
- Discounted Non Smoker rates.
- Disability coverage available for 12 or 24 months.
Disadvantages:
- General underwriting. Not much time is invested in looking into an individual case.
Individual Insurance Plans
Advantages:
- Client owns the plan. Therefore, their coverage will stay with them regardless which home they move into or lender they are with.
- Client designates the beneficiary. It does not have to be the lender.
- Guaranted level premiums for the duration of the contract regardless of interest rates.
- Disability and Critical illness riders can be added on to the coverage.
- Coverage can be converted to a permanent insurance policy.
- The lives insured does not have to be on title on the mortgage or the home.
- Personal service from Fairlie Insurance.
Disadvantages:
- Medicals are required with application.
Experience.
Professional and personal service to your clients.
Attractive compensation.
Prompt and periodic payment of referral fees.
