Mortgage Insurance | PCBi
Many homeowners take out mortgage insurance through their banks as protection for their families and their property. However, a limitation of traditional mortgage insurance plans is that the amount of the benefit is tied directly to the mortgage balance—and all funds are paid out to the bank.
This structure offers limited flexibility and may not align with your broader personal insurance plan.
A Better Alternative: Life Insurance with Mortgage Protection
One option to consider in place of bank-issued mortgage insurance is a stand-alone, life insurance policy. This type of insurance plan functions similarly to mortgage insurance but with more flexibility and control. It provides a tax-free benefit directly to your family, allowing them to pay off the mortgage balance and keep any remaining funds.
When bundled with critical illness insurance or disability insurance for individuals, it can form a more complete personal insurance coverage strategy that evolves with your life circumstances.
See how a customized life and mortgage insurance package can better serve your family's future.
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