Mortgage Protection through Gillons vs The Banks

Mortgage protection through a Gillons life insurance partner versus a bank or credit union are not the same.  

Check out the differences and see how you can benefit from life insurance through Gillons:

Gillons Life Insurance PartnerBank or Credit Union
Protects your family.Protects the bank.
Controlled by you.Controlled by the bank.
Fully portable: transferable to any house.Runs out when house is sold or traded.
Flexible: upon death, your family has the option of paying off the mortgage or investing the funds.Inflexible: the mortgage must be paid off regardless of interest rates and other investment opportunities.
Allows shopping for better interest rates when mortgage renews.No shopping: unless you are willing to pay higher premiums and are insurable.
Choice of plans and benefits.Limited choices.
Choice of amount of coverage and face amount does not decrease as the mortgage is reduced.Coverage must be equal to the mortgage amount and decreases as the mortgage is reduced (premium does not!).
Coverage is convertible & renewable.Non-convertible.
Stable: 30-day grace period for missed premiums.A missed mortgage payment often means lost coverage.
Underwritten at time of application.Underwritten post claim.
Expert advice: You deal with a professional licensed insurance advisor that can take a comprehensive approach to your insurance.You deal with a banker about insurance matters.