CONSUMER ALERT!

 

THE DANGERS OF MORTGAGE LIFE INSURANCE!!!

 

Signing up for the Mortgage Insurance offered by your bank or mortgage broker may be the worst financial decision you ever make!



SAY NO TO YOUR BANKS MORTGAGE INSURANCE!.. Make sure you watch the disturbing investigation on CBC'S MARKETPLACE to find out why!

 

“Casey you are definitely the man!  You saved my wife and I over $120 dollars per month for the same exact coverage, just by getting us preferred insurance rates that our last advisor never even mentioned!  I guess it definitely was worth our time to have you review our existing policies!…thanks again for all of your help.”

 

Dave Degrassi & Jessica Robinson, Mississauga, Ontario


 

“We had Sunlife Insurance advisor that sold us some insurance and then we never heard from him ever again.  After speaking with Casey he clearly showed us why the type of insurance we had was not benefiting us at all, and had really only benefited the agent who sold it to us.  Thankfully we now have the proper type of insurance that will protect our family when we need it most, and we’re very grateful to have Casey as our financial advisor. It’s very clear that Casey’s always looking out for our best interests before his own, and we would highly recommend him to anyone looking for solid unbiased financial advice!”

 

Ben & Sheena Poitven, Oakville, Ontario


 

“Thankfully my wife and I were referred to Casey for a second opinion on our insurance policies.  Not only did he clearly explain all of our available options to us, but he was very patient and didn’t pressure us to buy anything in anyway.  After listening to his recommendations based on our specific situation, Casey was able to give us a much better insurance policy that was not only less expensive but was also for more insurance coverage!  Thanks to Casey’s advice we’re now saving money every month that we will definitely be investing with F1RST CHO1CE as well.  We would highly recommend Casey’s advice for any insurance or other financial planning needs.”

 

Mark & Magdelena Budisa, Streetsville, Ontario


 

“My wife and I have been clients for several years now, and in that time, we’ve conducted numerous transactions with both Casey and Wayne from mortgage refinancing to life insurance to managing our investments. These individuals have demonstrated that they have superior knowledge of their respective products and are able to deliver them with exceptional customer service. I have found that this combination is a rarity these days, and as such, I whole heartedly recommend their service to both friends and family with confidence.”

 

Clifton Sookdeo & Shelly Sharma, Caledon, Ontario


 

“Honesty, integrity, and professionalism are the three words that come to my mind when I hear Casey’s name. He has provided my clients over the years with the highest level of service and they always thank me for introducing them to him. Casey truly goes above and beyond.”

 

Deborah Robinson, Real Estate Agent – Royal Lepage


 

“We’re extremely thankful that we came in contact with Casey otherwise we would have the worst type of insurance coverage available! Our bank really pushed us to sign up for the mortgage insurance they were offering which we thought was a good thing.  If Casey hadn’t helped us to understanding the many disadvantages of the insurance offered through a bank, we still be overpaying for less beneficial coverage that may not have even paid out if we ever needed it!  Thanks again for your advice Casey, and going forward we will definitely be coming to you for our future mortgage, insurance, and other financial advice.”

 

Renato Silva & Jhenny Rodriguez, Mississauga, Ontario




MORTGAGE INSURANCE:

Are you protecting your family or your lender?

 

If you’re like most Canadians obtaining a mortgage is likely the biggest financial decision you may ever have to make.  With it comes a tremendous responsibility and the largest debt you will probably ever carry.  That’s why it’s so important to make sure that your family and assets are protected in the event of an unexpected illness, injury, or death.  But take great caution when choosing your insurance protection as not all coverage is created equally.  With life’s most valuable things at stake, it’s imperative that you receive qualified insurance advice from a licensed expert, and not just from your bank representative or mortgage broker.

Have you ever asked yourself….“What would happen to my family if something ever happened to me?…..could they still afford to stay in our home, or would they be forced to move?”  If you haven’t taken the time to ask yourself this important question, now is the perfect time to start.

 

            CONSUMER ALERT:   

Mortgage insurance from your bank or mortgage broker may be the worst financial decision you will make in your entire life.  Watch the disturbing investigation done by CBC Marketplace, to find out why you should definitely SAY NO to your bank or brokers Mortgage Insurance!

CBC Marketplace: In Denial – The Dangers of Mortgage Life Insurance!

   

CBC’s Marketplace is a penetrating look at consumer misdeeds in Canada.  But one of the worst stories they ever ran into was mortgage life insurance offered by banks and mortgage brokers. There were over 260 comments on the story.   Click here to read some of the disturbing comments from the CBC investigation:

 MORTGAGE INSURANCE VS LIFE INSURANCE:

When it comes to choosing the insurance coverage you’ll be counting to protect your home and family, you really only have two options to choose from – Mortgage Insurance or Life Insurance.

Mortgage insurance: (often referred to as Mortgage creditor insurance) is available only through your bank representative or mortgage broker, both of which have no life insurance licenses or any kind of professional training on providing qualified insurance advice.  This type of insurance coverage is sold usually as an afterthought while signing your mortgage documents, and is unfortunately designed to protect your bank or lender much more than it does your family.

Life insurance: on the other hand is only available through a Life Insurance Agent that has earned a license with the Financial Services Commission of Ontario (FSCO), and is therefore properly trained to give qualified insurance advice.  With an overwhelming amount of life insurance policies being offered today, a licensed insurance agent can provide you with a variety of coverage options and policies to choose from, based on your specific short and long term goals.

Did you know that you are not obligated to buy mortgage life insurance from your bank or mortgage broker?…Replace it now with  a personally owned life insurance policy.

 

Click Here to see THE 6 MAIN DISADVANTAGES OF MORTGAGE INSURANCE vs. LIFE INSURANCE!

 At F1RST CHO1CE Financial Group we’re passionate about sharing our knowledge, experience and unbiased opinions with families that are looking for a trusted advisor to help them with their Insurance options.

ANY QUESTIONS?…Contact a Licensed Insurance Advisor today!