Lofty Matters

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Have you thought about how you would make your mortgage payments in the event that you became sick or disabled and could no longer work? When we got our mortgage years ago, we passed on mortgage insurance of this type because it was too expensive and we couldn’t reconcile the expense at that time.

I just found a new website that provides mortgage insurance in the event of an illness or disability. It will also automatically calculate the premium for your individual circumstance so I went ahead and decided to find out what they would offer me.

Assurance vie hypotheque would provide me with mortgage insurance at a monthly cost of $4.58. This breaks down to $4.51 for Life Insurance and $.03 for Disability Insurance and $.04 for Critical Illness Insurance. They guarantee that this premium will not increase over time and I, the proprietor, would control the policy. A policy-holder even has the option of continuing the insurance protection after your mortgage is paid off.

If you’re curious (as I was) I’d encourage you to enter your demographic information just to see what kind of coverage and premiums you could get. This really seems to be a reasonably priced insurance package that would protect you in the event of catastrophe.