Ben & Chad Matthies
Ben Matthies Agencies Ltd.

Phone: 250-398-8281
Toll-Free: 1-877-398-8282
Fax: 250-398-7743
Cell: 250-305-9106

5 Reasons Why You Should Insure Your Mortgage Privately, Not Through the Bank

Bank

1. Bank owns the policy
2. Decreasing Term Insurance
3. Bank is the Beneficiary
4. Coverage stops with mortgage repayment
5. Post-Claim Underwriting

Personal

1. You own your policy
2. Level Term Insurance
3. You Choose your Beneficiary
4. Coverage is portable
5. Underwriting is done at time of application

Why pay for a product that you don’t own, gives you less value for your dollar with no control and no assurance of coverage?