- LEGACY CAPITAL GROUP Inc.

Most people are unaware that the Mortgage Insurance they purchase at their bank is not guaranteed to be paid out.

DID You Know? ... That the Mortgage Insurance you purchase at the Bank;

Is not underwritten until time of claim and in some cases may not pay at all due to any discrepancies in your application

Is not transferable to another financial institution

Is not convertible to another type of insurance

Is owned by the bank, and they are the sole-beneficiary, as such they can cancel the policy at anytime

Watch this Video. It highlights the danger of Mortgage Insurance sold by the bank.

Call us at 416.544.0202 or 1.877.544.5054

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We are experienced and fully licensed Independent Brokers with a fiduciary duty and exceptional client care.

Life insurance gives you more options and greater control over your mortgage protection. Consider these advantages:

You can choose from different types of insurance (i.e. term or permanent) with a death benefit to cover more than just your mortgage.

You name the beneficiary.

If you take your mortgage to another company you keep your existing insurance, so you don't have to re-qualify.

As long as premiums are paid your coverage remains in place, even if your mortgage is repaid, assumed or in default.

There are several benefits of acquiring mortgage life insurance with Legacy Capital Insurance compared to your bank. Consider the following;

	Major Banks	Legacy Capital Group
What is paid at death?	Generally 100% of outstanding mortgage	Generally 100% of outstanding mortgage
Who is the policy owner?	The Bank	You
Who receives the death benefit (payout)?	The Bank	Who you designate as the beneficiary
Does the insurance stay enforce if you change banks?	No	Yes
Can the insurance be converted into permanent life insurance?	No	Yes
Are the premiums guaranteed not to change for the duration of the mortgage?	No	Yes
The premium amount is established according to...	All borrowers -grouped/pooled-	You

Legacy Capital Group of companies is a Wealth Management firm that offers a wide range of financial services and products. We are focused on helping the families and businesses we serve build generational wealth.