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Your Mortgage or Your Life

Fri, 29 May by Pauline Relkey

life insurance

Your family loves your home – it is the center of your life together.  But that mortgage, can you handle it? You did your due diligence and you know it’s affordable and some day it will be paid off … unless something happens.  What would happen if you die? Will your family be able to pay off that debt?
Of course, you want your family to be able to stay in their home no matter what happens to you. The obvious answer is mortgage life insurance.  And the most obvious source of mortgage insurance is your lending institution – but before you say yes to lender provided mortgage life insurance, consider this: You could find yourself locked into life insurance that does more to protect your lender than you.  A possible better solution that offers you and your loved ones better guarantees, usually at a lower cost, is a personal life insurance plan that insures you. Here’s why

Lender Mortgage Life insurance plan

– lender is the owner of the policy.
– pays benefits to the lender.
– coverage expires when the mortgage is paid off.
– pays out only the amount owing on the mortgage at the time of claim. Total value of coverage decreases with mortgage balance.
– premiums can be adjusted by the lender at any time.
– lender can change or cancel the policy at any time.

– policy cannot be moved to a new mortgage, a renewal or a new lender.

– your premiums are based on your age and minimal health information.  At time of claim, accuracy of answers to medical questions may be examined.

Personal Life Insurance Plan

– you own the policy and designate the beneficiary.

– pays benefits directly to your designated beneficiary.

– coverage continues after the mortgage is paid.

-pays the total life insurance coverage amount and the total coverage remains stable for the coverage period.

– premium schedule is guaranteed for the life of the plan.

– only you can cancel or make changes to the plan when premiums are kept up to date.

– plan goes with you from one home to another, one mortgage to the next.

– your premiums are based on your age, health and smoking status.

There’s no doubt about it: insurance to cover your mortgage is an absolute necessity to protect your home and family.  Your professional advisor can make sure you get the protection that is tailored to you, and is a perfect fit with your overall financial plan.

This article presents general information only.  Contact your own advisor for specific advice about your circumstances.

 

Sask Roughrider Home Games 2015

Thu, 28 May by Pauline Relkey

Go cheer our team to victory!

Friday, June 19 @ 7:30 PM against Calgary.
Saturday, June 27 @ 6 PM against Winnipeg
Sunday, July 5 @ 1:30 PM against Montreal
Friday, July 17 @ 8 PM against BC
Sunday July 26 @ 5 PM against Hamilton
Saturday August 22 @ 5 PM against Calgary
Sunday Sept 6 @ 2 PM against Winnipeg
Saturday Sept 19 @ 7 PM against Ottawa
Sunday Sept 27 @ 2 PM against Montreal
Saturday Oct 24 @ 5 PM against Edmonton

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Saskatoon has an Emergency Notification Sign Up Program

Mon, 11 May by Pauline Relkey

Hopefully other cities will do the same soon.
Click here for more info.

emergency

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