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BENEFITS OF INDIVIDUALIZED MORTGAGE INSURANCE FROM CUSTOM BENEFIT
Custom Benefit offers you mortgage insurance at affordable rates that helps you unlock the door to your dream home. We have customized solutions for your individual needs. At custom benefit we not only cater to your personal needs but also offer comprehensive insurance to cover your mortgage needs.
Difference between Mortgage Insurance Provided by Custom Benefit Solutions Inc. and Other Major Lending Institutions. |
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Custom Benefit | Other Lending Institution | |
1. Who is the owner of the contract? | Insured | Lender |
2 Who receives the death benefit? | Beneficiary | Lender |
3. Who receives the disability benefits? | Insured | Lender |
4. Is insurance convertible to a permanent contract? | Yes | No |
5. Does insurance remain intact if the borrower switches lenders? | Yes | No |
6.Does insurance remain intact if the borrower changes Financing methods or reimburses the loan? | Yes | No |
7. For how many months does the definition "usual occupation" apply? | 24 | 12 (Credit Unions) 24 (Banks) |
8. Is the premium guaranteed for the duration of the contract? | Yes | No |
Our mortgage insurance provides cover for your life, disability insurance for your loved ones, cost of your children secondary education and capital gain taxes. Get professional opinion from our staff, that is always there to assist you choosing the right policy matching your needs. |