Why private insurance is different
Private mortgage insurance is ordinary life insurance you attach to your loan - with all the advantages of a policy you truly own.
Fixed capital - not decreasing
Your coverage stays at the initial amount for the period set out in the contract, while your mortgage balance decreases each year.
Beneficiaries: your family
The capital is paid to your designated beneficiaries - not your financial institution. Your loved ones decide what to do with the money.
Portable between institutions
If you change banks or refinance, your policy follows you. As long as the amount doesn't change, you don't have to reapply or undergo another medical exam.
Stable premium - not adjusted to the balance
Your premium is set based on your age and health at signup and stays the same for the period set out in the contract. With the lender's insurance, the premium generally stays the same while the coverage decreases.
Compare with your current bank insurance.
Alexandre reviews your situation and calls you back with a personalized recommendation. Free, no obligation.
The analysis is free. If you sign up, Alexandre is paid a commission by the insurer or product provider.
The lender's insurance
pays the lender.
Yours goes to your loved ones.
Many homeowners accept the creditor insurance offered by their bank at signing, without comparing.
The difference shows up over time. The lender's coverage generally shrinks with your balance, while the premium generally stays the same.
The right choice depends on your situation: age, health, amount borrowed and family goals. Alexandre compares both options with you, no pressure.
For which type of homeowner?
The Alexandre advantage
Alexandre doesn't work for your bank. His priority is that you understand what you sign and that your protection fits your situation.
Which insurance to choose?
No insurance | Bank creditor insurance | Private mortgage insurance YOUR POLICY | |
|---|---|---|---|
| Coverage on death | $0 | Remaining balance (decreasing) | Chosen fixed capital |
| Beneficiary | N/A | The bank | Your family |
| Capital free to use | |||
| Portable if you change banks | |||
| Critical illness protection (option) | Depends on the lender | Per the contract | |
| Get a quote |
Your profile,
your protection.
Alexandre analyzes your situation to set coverage suited to your needs - not too much, not too little.
Get my quoteHow does a claim work?
The main steps - your family receives the capital and decides what to do.
Your designated beneficiary notifies the insurer of the death with the death certificate.
Designated beneficiaryClaim form, death certificate and policy statement.
Alexandre coordinatesThe insurer reviews the file. The timeline depends on the insurer and the file.
Set by the insurerThe capital set out in the contract is paid to your beneficiary - who then decides whether to pay off the mortgage or not.
Family's decisionCover all the bases
Frequently asked questions
Your family or your bank, who's really protected?
What clients say
“Excellent service from start to finish. Alexandre is very professional, attentive, and takes the time to explain the different options without putting any pressure on me. I felt well-advised and confident throughout the entire process. I highly recommend AG Financial Services.”“Excellent service! Very professional, available, and attentive. The explanations were clear, and the advice was truly tailored to our needs. I recommend them without hesitation!”“Alexandre helped me with my financial situation. He showed me the steps to take and how to structure my plan effectively. I highly recommend him!”Reviews posted by clients on the Services Financiers AG Google listing, in French; the English text is Google's automatic translation. Every situation is different: a review does not predict the outcome of yours.