- 2970, Drew Rd. Suite 202-C Mississauga, ON L4T 0A5
- 437-428-2828
INSURER | LENDER BANK | |
1. Who owns the contract?1. Who owns the contract? | Policyholder | Lender |
2. Who will receive the death benefit? | Beneficiary | Lender |
3.Who will receive the disability benefits? | Insured | Lender |
4. Who will receive the critical illness benefits? | Policyholder | Lender |
5. Can the life insurance be converted to Permanent Insurance? | Yes | No |
6.Will the insurance remain in force if the borrower changes the lender? | Yes | No |
7. Can the life insurance term be exchanged for a longer term during the first 5 years without evidence of insurability? | Yes | No |
8.Is the premium guaranteed for the term of the contract? | Yes | No |
9.Does insurance remain in force if the borrower changes financing methods or reimburses the loan? v | Yes | No |
10. Does the insurance include coverage in the event the insured losses the employment involuntarily? | Yes | No |