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 entire policy term, 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. You don't have to reapply or undergo another medical exam.
Stable premium - not adjusted to the balance
Your monthly premium is calculated at your age at signup and stays stable - while bank coverage decreases but the premium stays the same.
Compare with your current bank insurance.
Alexandre analyzes your current policy and gives you a transparent comparison - no fees, no pressure.
Bank insurance
protects your bank.
Not your family.
Most homeowners take out the creditor insurance offered by their bank at signing - without comparing. It's a decision many regret.
The difference shows up over time. Bank coverage shrinks with your balance, but the premium never does.
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 represent your bank - he represents your family. His priority is that you understand what you sign and that you have real protection.
Which insurance to choose?
No insurance | Bank creditor insurance | Private mortgage insurance RECOMMENDED | |
|---|---|---|---|
| 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 | |||
| Premium set at your current age | |||
| Critical illness protection (option) | Limited | ||
| Get a quote |
What homeowners say
“My bank offered me creditor insurance along with the mortgage - I said yes without really understanding. Alexandre explained that my coverage would decrease with my balance while my premium stayed the same. I switched to a private policy.”
“When I switched banks to refinance, I realized my creditor insurance was disappearing. With Alexandre's policy, I transferred without a medical exam. That's what makes the difference.”
“As a self-employed worker, bank insurance was a problem for me - my variable income complicated underwriting. Alexandre found me an individual solution suited to my profile.”
* Names have been changed to protect client confidentiality.
Your profile,
your protection.
Alexandre analyzes your situation to calibrate the exact coverage you need - not too much, not too little.
Get my quoteHow does a claim work?
A simple process - your family receives the capital and decides what to do.
Your designated beneficiary notifies the insurer of the death with the death certificate.
Timeline: 30 daysClaim form, death certificate and policy statement.
Alexandre coordinatesThe insurer reviews the file - average timeline of 10 to 30 business days.
Full capitalThe full capital is paid to your beneficiary - who then decides whether to pay off the mortgage or not.
Family's decision
