Mortgage Life Insurance

Life Insurance Pro understands the significance of safeguarding your greatest investment—your home. Secure it with Mortgage Life Insurance, ensuring your family's continued residence in the event of your passing. Plan wisely for their future security.

Our Reviews

Excellent

4.8

★

Based on 447 reviews from

★★★★★

As seniors in our + 70s we know travel medical insurance can be costly without taking out a mortgage. Fortunately our health is better than most our age or even some younger and understand Insurance Underwriters and Acturaries go by statistics. The agent we talked to Karen Write was absolutely patient and helpful. We were pleasantly surprised by the quote she gave, as the quote we had from another carrier was about 3 times more. Naturally we went with Karen Write at Alliance. We can't thank her enough for being so patient, undestanding and helpful. If in the future we are fortunate, health wise, to continue to travel we will definitely call Karen Wright at Alliance. CUDOS to Karen Wright

Robert Grills

★★★★★

Clear Communication and assurance of service

Edwin Drewlo

★★★★☆

i was very impressed with sehar prompt response and helped me through with me getting what i needed

Nadir Habib

★★★★★

Sehar Bajwa was very competent and helpful. I have dealt with her for 3 years and I always get the same quality service when purchasing travel insurance from her.

Judy Howard

★★★★★

I have just worked with Dornaz Samiei in purchasing trip insurance, and she was informed, efficient and friendly. I couldn't ask for more. Thanks.

Danny Swain

★★★★★

Sehar Bajwa was extremely helpful while we were searching for travel insurance for our upcoming trip. Sehar provided all necessary information and setting up the required insurance was very easy and well-priced

Kelly LePage

★★★★★

Geting tarvel insurance,all process to finalaize our insurance documents was pleasent because friendly (not puschy)and very profesional lady Sehar Bajwa thank you SEHAR

I R b

★★★★★

Simply an Amazing Individual. The Reason I buy my Insurane from.Allianz!!!!Thank You Dornaz!

Len Hirsch

★★★★★

Dornaz was very helpful and responsive to my requests which I really appreciate!

Susan Madden

★★★★★

Thank you Dornaz Samiei for the above service you gave me today. You have so much knowledge and patience.

Susan White

★★★★☆

Great help by Alliance Sehar was a great help.

anne johnson

★★★★★

Dealing with Dornaz was such a pleasure. Great customer service!

Maida Kellgren

★★★★★

Azita was very helpful and patient with me as I was trying to make my travel insurance choice. She called me back about 3 times and when I was finally ready, she was away and Dornaz was equally helpful in completing my application. I would recommend this company!

Donna Hemming

★★★★☆

Very helpful and friendly people to deal with. Dornaz answered all my questions and helped me with my travel insurance. I would highly recommend this company.

Dawna Shane

★★★★★

I am very pleased with the service I received from Alliance. Dormaz was my contact. She was very friendly and easy to talk to. She answered all my questions with kindness, patience, and respect. She found me a policy which offered the coverage I wanted at a better price than I had been able to find on my own.

Tina Rhodes

★★★★★

Very friendly and easy to talk with. Dornaz explained things clearly and allowed me to ask any questions.

Robert Hamilton

★★★★★

Very friendly and efficient service!

Frances Heywood

★★★★★

Spent time searching for best options for my needs

marg marlin

★★★★★

Dornaz was extremely helpful to get the right travel insurance for us. She was very friendly and knowledgeable.

Barbara Hanser

★★★★★

Ummi. Excellent representative. Very pleased.

Darla Sward

★★★★★

Dornaz was very friendly and professional providing me with travel cancellation/interruption insurance.

Gail Campbell

★★★★★

I’m so happy in dealing with Ummi Hanny , she’s absolutely a star, she really helped me finding the right insurance for me.

hanne sajda

★★★★★

Great travel insurance Dornaz was very professional.

Denise Morgan-Fell

★★★★★

Very pleasant, efficient and helpful

A. Ron Algate

★★★★☆

Very easy to set up policy on a ti.ely manner.

Brent Clayton

★★★★☆

The cost quoted was definately comparable to other carriers. My only complaint is that you can never call and get a direct quote. You always have to leave a message and wait for a call back. I find that inconvenient. It took me 2 days to get a quote. It used to take less than 30 minutes.

Nora from Aurora

★★★★★

Great service by Dornaz

pradeep mohapatra

★★★★★

Dealt with Sehar Bajwa for travel insurance coverage for Caribbean cruise.Dealt with her for previous policy as well.Was very pleasant and helpful in completing the application.

Dennis Wright

★★★★★

we dealt with Dornaz as our agent. Great service. First time using Alliance but will not be our last. Thank you

Noguts

★★★★★

Dornaz was knowledgeable, professional, friendly and took the time to explain things clearly

Gerald Berezuk

★★★★★

Thanks to Mia Chen we were able to get our home insurance. She is very professional and safe.

Genry Garcia López

★★★★★

I reached out to Alliance in my search to get travel insurance for an immigration visa for a family member. Ummi has been great throughout the process. She was available for all questions I had and assisted me in extending the plan as we had delays. I highly recommend her services as an insurance broker.Thank you Ummi!

Lily

★★★★★

Sehar Bajwa looked after all my travel insurance needs in the utmost professional mannerShe was very helpful asking the right questions to help get the insurance that was right for me. I will definitely call her for my next trip to Japan

Dee Tung

★★★★☆

To date everything promised was delivered. If we ever need to make a claim, I will update with our experiences

James Francis

★★★★★

Sehar Bajwa helped me with buying travel insurance for my husband. She was amazing!! The process was fast and painless. This was first time buying travel insurance and I was little leery about it but Sehar was very helpful in answering all my questions and she was very patient and caring. Thank you Sehar for making it so easy for me and it was pleasure dealing with you.

Pratibha Malavia

★★★★★

A fantastic experience! Sehar could not have been more helpful and competent. It was a real pleasure with someone so efficient and patient. I have already recommended Alliance Income to some friends and directed them to Sehar. Great work! Keep it up!

Suzanne & Roy Cormier Palmer

★★★★★

Very knowledgeable and able to recommend the best insurance for the circumstances

Antonio Talanga

★★★★★

Sarah, was very helpful in providing us with answers to our questions, and guiding us through our needs for travel insurance.

Jan-Paul Landry

★★★★★

Excellent service from Ummi.

Chris Paveley

★★★★★

Sahar provided a detail of my coverage was very courteous allowed me to review! After a couple weeks later we reconnected to secure!Great experience!

Dave Fabello

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Mortgage Life Insurance Explained

What exactly is Mortgage Life Insurance? It serves to cover missed mortgage payments, preventing property foreclosure. Premium payments cease only when your mortgage is settled. In the event of your passing, your family is relieved from mortgage worries, as payments are directed to your financial institution, not them.

Tips to Save Money on Mortgage Life Insurance

At Life Insurance Pro, we’re dedicated to your savings. Simplify your search by requesting a quote through our website. We compare rates from top Canadian insurers, sparing you the hassle. Consider these ways to further save money on Mortgage Life Insurance:

Aim for a 20% Down Payment

Sidestep Mortgage Life Insurance by saving a 20% down payment on your desired property.

Adjust Down Payment Percentage

Strive to increase your down payment to reach a new percentage bracket. More upfront payment means reduced Mortgage Life Insurance premiums.

Opt for a Shorter Amortization Period

Choose a shorter mortgage term to accelerate repayment. Though monthly payments rise, you’ll settle your mortgage faster, ceasing insurance payments sooner.

Pay Extra Regularly

Make additional payments whenever feasible to clear your mortgage ahead of schedule. With each payment, your Mortgage Life Insurance obligations diminish until your mortgage is fully paid off.

Mortgage Life Insurance FAQ’s

This section aims to provide even more valuable information on the topic of Mortgage Life Insurance:

Mortgage Life Insurance is a type of insurance that covers the outstanding balance of your mortgage in the event of your death. If you pass away while the policy is in effect, the insurance pays off your remaining mortgage balance, ensuring your family can keep the home without the burden of mortgage payments.

Anyone with a mortgage, especially those who want to ensure their family can keep the home if they pass away, should consider Mortgage Life Insurance. It provides peace of mind knowing that the mortgage will be paid off in the event of your death.

Mortgage Life Insurance covers the outstanding balance of your mortgage loan. If you pass away while the policy is active, the insurance company pays off the remaining balance directly to the mortgage lender, ensuring your family can keep the home.

Mortgage Life Insurance is not mandatory, but it’s often recommended for homeowners who want to protect their family from the financial burden of the mortgage in case of death. However, some lenders may require it as a condition for approving the mortgage.

Mortgage Life Insurance can usually be cancelled or transferred, depending on the terms of the policy and the insurance provider. Homeowners may choose to cancel the policy if they refinance their mortgage or pay off the loan early. Transferring the policy to a new property is also possible in some cases. It’s essential to review the policy details and consult with the insurance provider for specific options.

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