Credit Life Insurance

Life Insurance for Mortgages

At Ganaraska Financial we recommend this insurance on your mortgage as your family's biggest debt is turned into its strongest asset. The policy you hold is what the insurance industry calls term or credit insurance. Considering that term insurance is the least expensive way to provide for your family's future, it is a wise choice for just about everyone.

Life Insurance for Loans

The cost for loan insurance is very reasonable and it operates almost the same as insurance on mortgages. The coverage is there during the time of your debt. If you should die during this loan period, the coverage pays off the loan and any other insurance you might have can go directly to your survivors, rather than it being used to pay the loan. Given a loan consumes part of your income; there is true value in having a plan to eliminate it.

Critical Illness Insurance for Mortgages

A critical illness could have a devastating impact on your life, not only due to medical expenses, but also because of lost income. Critical illness insurance pays out a tax-free benefit, providing you with the financial security to make necessary lifestyle changes. It can provide your family with important financial relief to help with medical expenses, lifestyle changes or take time from work to assist in the recovery. Mortgage critical illness coverage is an add-on to your existing mortgage life insurance coverage. Double your safeguards and you'll never worry about another mortgage payment if the unexpected happens.

Feel Like You Could Use Some Guidance?

If you have any questions regarding our insurance products or would like to book an appointment to meet one of our fully qualified experienced Loan Officers.