Better Mortgage Protection is about you, not the bank. Designed to cover your mortgage, it's life insurance that lets you choose your beneficiaries, and provide them with the full amount of coverage.
Don’t worry about moving or switching lenders! Better Mortgage Protection follows you, even if you move homes or change lenders. With traditional mortgage insurance, your coverage will end with the mortgage. As you pay off your mortgage, traditional mortgage insurance coverage will also shrink, and only cover the remaining amount of your mortgage. Better Mortgage Protection coverage doesn’t shrink because the coverage is not tied to your mortgage.
Traditional mortgage insurance premiums may increase as you age; Better Mortgage Protection premiums will always remain the same.
When you make an application with Better Mortgage Protection, your policy is underwritten – and when you make a claim, you’re guaranteed the benefit. There’s no uncertainty, like with traditional mortgage insurance.