Mortgage Insurance

When you’re approved for a mortgage, your lender will offer to sell you mortgage insurance. This may seem convenient, but you should know that you have other options.

An individually-owned Mortgage Term Insurance Plan offers you and your loved ones better guarantees and better value, and usually at a lower cost.

Consider the benefits of a Mortgage Term Insurance Plan:

• You own the policy, not the lender.
• Your premiums and benefits are guaranteed for the life of the policy, which is not always the case with the lender.
• Upon death, the benefit goes directly to your beneficiaries and they can decide how to use the money.
• The value of your policy will never decrease.

Speak with an Allen Insurance Group advisor today to discuss which Mortgage Insurance coverage option is right for you.