A POLICY YOU OWN

Your Mortgage Insurance Options

Prosper for Life

What type of mortgage insur-

ance protection do you want?

A policy that protects the

lender or a policy that pro-

tects you and your family?

Comprehensive protection FOR YOUR FAMILY not your lender

Mortgage Insurance

Death benefit DECLINES as you pay down your mortgage balance.

You pay the same premium even though your coverage drops.

The LENDER is the BENEFICIARY.

The death benefit directly pays off the remaining balance of the mort-

gage loan upon your death. Your beneficiaries have NO CONTROL.

Full underwriting is completed at the TIME OF CLAIM.

Your insurance coverage is NOT guaranteed.

Blended rate premium makes it more EXPENSIVE.

Can only insure up to the amount of the mortgage. NO OPTIONS to

increase death benefit to insure future income needs for your family.

You NEED TO REAPPLY for coverage at your mortgage renewal or if

you change your lender. You may be uninsurable upon reapplying.

The lender owns the policy.

Personal Insurance

LEVEL death benefit—the insurance amount stays the same for the

life of your policy.

YOU choose your BENEFICIARY.

Your beneficiary may use the insurance benefit ANY way they see fit.

Full underwriting is completed at the TIME OF APPLICATION.

Once in place, your insurance coverage is GUARANTEED.

You are covered for the duration of the policy with conversion op-

tions and guaranteed renewability.

Can insure an amount higher or lower than your mortgage amount—

YOU decide.

Can cost 20-40% LESS than mortgage insurance.

You OWN YOUR POLICY.

$300,000

$225,000

$150,000

$75,000

$0

0 5 10 15 20 25 Years

Personal Insurance Mortgage Insurance

WE BROKER INSURANCE

THROUGH...

Many of the top insurance companies

in Canada, including but not limited to

Assumption Life, Canada Life,

Desjardins Financial, Empire Life, Eq-

uitable Life, Foresters, Industrial Alli-

ance, BMO, RBC, Transamerica, Hu-

mania, etc.

WE CONSIDER SPECIAL NEEDS...

If the you smoke an occasional cigar,

have health issues, engages in high

risk activities, etc., we can source in-

surance companies that will look

more favorably upon those special

cases which often results in consider-

able savings.

WE CAN DO PRE-UNDERWRITING...

If you have a pre-existing condition or if you have a family history

suffering from certain conditions, you may want to consider prelim-

inary underwriting.

Preliminary underwriting is a process which we assist you to find

out from which insurers are likely to offer you the best terms and

conditions in view of your pre-existing condition. Since we broker

insurance through multiple insurers, you can make your decision in

a more efficient manner.

Preliminary underwriting is an anonymous process. None of the in-

surers know your identity. It is also non-obligatory to all parties.

That is to say that the insurers that response reserve the right to

offer a different terms if a formal application is made. However,

from our experience the terms and conditions are usually the same

as that of the preliminary underwriting unless the time span be-

tween the preliminary underwriting and the actual application was

too long or there has been a change in reinsurer.

WE PROVIDE OPTIONS AND SOLUTIONS

Prosper for Life

INSURANCE THAT PROTECTS

YOU AND YOUR FAMILY

A About Us

Prospera Solutions is passionate about helping you protect and

grow your wealth for life. We are here to help educate you on

your options so you can feel confident in making informed fi-

nancial decisions during life’s important moments. We believe

in building lifelong relationships and providing our clients with

competent financial advice that is measured by long-term fi-

nancial and lifetime success. Where you are now has nothing

to do with where you can go, and Prospera Solutions will give

you the right advice and guidance to Prosper for Life.

Our Services

While protecting your family, your wealth, and your business is

a core piece of a solid financial plan, we offer financial planning

solutions tailored to your specific needs. This includes invest-

ment & retirement solutions, cash/debt management solu-

tions, education planning, tax solutions and estate planning.

Contact us for a free, no-obligation consultation.

4 Huntington Cres. St. Albert, AB T8N 5V2 Ph 780-690-3556 www.prosperasolutions.com info@prosperasolutions.com

Prosper for Life

Holly Brady, CDFA, RCP

Financial Coach