When reviewing your overall financial goals and needs, adding personal life insurance is a wise decision. This is something to consider, particularly in the event of a new home purchase or at mortgage renewal time. Personal life insurance is a superior alternative to mortgage insurance.
Your insurance options are:
Critical Illness Insurance
Creditor Insurance/Mortgage Insurance
By choosing personal life insurance you receive:
Life insurance protection for an amount YOU choose with the flexibility to reduce this amount as your needs change.
A plan that will keep your premiums level for 10, 20 or 30 years, or your lifetime.
Temporary coverage for a specified period of time, or have it for life.
If you’re deciding on life insurance to cover your mortgage, the benefit amount remains the same, even as your mortgage is paid down!
Also, life insurance death benefits are a tax-free payment to your named beneficiary and by-pass the estate, saving probate costs and time.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.