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Life & Mortgage Insurance

Affordable Coverage for Life and Mortgage Insurance

Having the right life insurance coverage will provide for loved ones in the event of a premature death.  At Corner Brook Life Insurance, we can help tailor a life insurance plan for your individual term insurance or a more permanent solution to protect your loved ones.

Term Life Insurance

With term life insurance, your insurance costs are guaranteed for a specific period of time (the “term”), until it is renewed for another term.  In the event of death while the policy is in effect, a tax-free payment is made to the person (or people) that were named as beneficiaries.

With most term policies, you can opt to covert your coverage to a more permanent insurance regardless of any changes to your health, occupation or lifestyle.

With Corner Brook Life Insurance, we offer plans that offer Term 10, Term 20, Term 30 and more, depending on the type of coverage and expenses that require coverage.

Permanent Insurance

Permanent Insurance can be used as a retirement tool, providing whole life coverage that builds cash value that is available later in life.  Permanent life insurance is often referred to a “whole life insurance” because it covers individuals for their entire life.

Corner Brook Life Insurance can assist you in providing a permanent life insurance plan with guaranteed costs, ensuring that your rates do not increase from the time you first purchase your policy.

Contact Corner Brook Life Insurance today to discuss your life insurance options.

Mortgage Life Insurance

Mortgage life insurance can mean the difference between keeping your dream home or losing it because you didn’t have the right mortgage insurance in place. Unlike many bank-issued mortgage insurance policies intended to protect the bank’s interests, a personal mortgage life insurance policy protects you.

Bank-issued mortgage insurance is intended to pay off the balance of your mortgage, and you have no control over where your payout goes. On the other hand, a personal life policy is paid out directly to your loved ones, and they decide exactly how to allocate the proceeds.

However, there can be many pitfalls associated with bank mortgage insurance that many consumers simply aren’t aware of. What the banks don’t make clear is the numerous advantages of term life insurance when compared to bank mortgage insurance.

Corner Brook Life Insurance can help find the correct mortgage life insurance policy, protecting your investment and providing financial peace of mind protecting your home in the event of a premature death.

Contact Corner Brook Life Insurance for more details on any of these life insurance offerings.

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ADDRESS

51 West Street
Corner Brook, NL
A2H 2Y6
Phone: (709) 639-3131
Fax: (709) 639-3132

DISCLAIMER

Important: The information contained on this site is for information purposes only. Corner Brook Life Insurance recommends you contact them for up-to-date information and to discuss your life insurance needs with a qualified agent.