Malcolm Barton

06/27/2024

ATTENTION HOME OWNERS
You could be over paying for mortgage insurance!

Upon purchasing your home did you sign up for mortgage insurance through your lending institution? Most do. More often than not these policy's ARE NOT underwritten when you sign the policy.

What does this mean...

1. When you make a claim you then need to go through underwriting. This can lead to denial of coverage when your family needs it most.
2. You pay a flat rate over the term of your mortgage however as you loan is paid down, your coverage amount also decreases.
3. Payment goes to your lending institution, not your family. You essentially pay for the banks insurance on your self.

Alternative:
Term life insurance for the amount owed on your mortgage. You will save a few dollars a month on the policy and you will maintain the value that will be paid out at the time of claim for the full term.
Term life policies are underwritten at the time of application meaning if you qualify today your policy will pay out for your family if the insured were to pass away. This is a safer way to insure your mortgage and it costs less!

Check on your next mortgage payment if you are paying more for inferior coverage! These policy's can be canceled any time (after you have received approval of your new coverage) and should be upgraded to a safer and higher value coverage.

Feel free to reach out with any questions, happy to discuss!

06/24/2024

Tugo Travel Insurance!
Excited to be working with this great company. We offer the full spectrum of coverage to ensure you are looked after on your vacation. Emergency medical, trip cancelation, single trip, multi trip annual etc.
What separates Tugo from other insurance providers is the ability to add high risk activity riders to ensure you are covered for any activity you may encounter on your trip!
Mountaineering, Sky Diving, Scuba Diving, Mountain Biking, Rock Climbing, Back Country Skiing..... I can go on

If heading out for a trip and looking for travel insurance feel free to reach out or use the link in my profile to get an instant quote.

06/14/2024

Exciting offer for those with young families. IA is able to extend 12 months of free coverage for your young ones. Sign up online through the link below!

Benefit from the expertise of one of our advisors or brokers, anywhere in Canada! Contact us today.

06/14/2024

Excited to be working with Industrial Alliance (IA) to serve you and your family's insurance needs. IA was founded in 1892 and is one of the largest insurance & wealth management companies in Canada. With operation all across North America we are well positioned to offer best in class services, with experience you can trust. My focus is in Life & Travel Insurance. I look forwarding to serving you with honesty and transparency to protect you and your family moving forward!