(250) 752-4712
stan@moneymanfinancial.com
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MORTGAGE LIFE INSURANCE

Mortgage Insurance

Before buying insurance from your bank to cover your mortgage, please consider your options. What does the insurance cover?

  • From the bank: only the balance of your mortgage

  • From an independent advisor: whatever you need it to cover such as debts, line of credit

What happens as my mortgage balance decreases?

  • From the bank: the coverage amount decreases as your balance decreases.

  • From an independent advisor: the coverage stays the same for as long as you own your policy

What if I switch banks?

  • From the bank: You might lose your coverage and need to reapply

  • From an independent advisor: Your coverage stays the same, since it’s not tied to your mortgage

Who gets the benefit if I die?

  • From the bank: The Bank

  • From an independent advisor: You decide who gets the insurance and how to use it, such as to pay your mortgage, medical expenses or child’s education- whatever is best for your family

Talk to us, we can help.

Contact Us

Contact Us

Moneyman Financial Inc.
Stan Livingston
Financial Advisor
Tel: (250) 752-4712
Email: stan@moneymanfinancial.com

Please contact us for our office address.

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About

The foundation of any financial plan is recognizing that every person, individual or business owner is unique. Stan’s goal is to provide personalized solutions to each of his clients that reflect their needs, their situation and budget, and review these periodically to ensure their plans continue to measure up to their stated goals and objectives for the future.

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