Mortgage Life Insurance is coverage on the balance of your mortgage if you or your spouse, (or both of you) pass away before your mortgage is paid off.
Your bank or lender will want you to buy Mortgage Life Insurance from them.
With HUB you can enroll or cancel at any time, not just when you sign your mortgage. And, unlike the Mortgage Life Insurance from your lender where they OWN the policy, Mortgage Life Insurance with HUB belongs to you, so your beneficiaries get the money. When you buy Mortgage Life through a bank or other financial institutions, they get your money first.
For further information about Mortgage Life Insurance, contact us.