20/20 Mortgage Life Insurance, offered by Calgary-based AIME Financial, is an alternative to mortgage protection insurance sold by banks. Administered online, 20/20 is affordable, portable, flexible, and underwritten by Assumption Mutual Life Insurance.
Mortgage life insurance is a fantastic way to gain peace of mind while giving your loved ones the gift of stability. 20/20 Mortgage Life Insurance policies pay off the balance of the policyholder's mortgage should something happen to them. This balance can be paid directly to the bank, or provided to the beneficiary in a lump sum payment for them to do with as they wish.
What's more, 20/20:
-Is offered completely online.
-Does not require medical exams.
-Provides you with a free quote to compare to your existing coverage so that you can be certain you're getting the best deal.
-Provides online and phone-based support.
-Has low premiums because its streamlined web-based platform requires less overhead than brick-and-mortar bank locations.
-Lets you round out your coverage with critical illness and disability insurance.
Is 20/20 Mortgage Life Insurance The Best Option For You?
1. Customers are unknowingly paying too much for their bank-issued mortgage life insurance (MLI). We have developed a calculator that allows customers to compare the pricing of their existing coverage with 20/20.
2. 20/20s pricing will help most people save up to 20% off new or existing coverage. This can add up to thousands of dollars over the course of the mortgage payment and insurance coverage period.
3. For many consumers, there is a lack of clarity surrounding mortgage life insurance. Customers believe that they don't have other options for mortgage protection. They believe that they are obligated to purchase their mortgage insurance or credit insurance protection from the bank that provided the mortgage. Our aim is to inform customers that there are other alternatives and that 20/20 can provide them with access to expert advisors who can talk to them about their insurance needs over the phone or chat.
4. Customers believe that once they have purchased mortgage life insurance from their bank, they are stuck. We want to educate customers on how easy it is to purchase 20/20 or switch from their current bank product.
5. 20/20 can be regarded as a start-up product for first-time insurance customers. It provides uninsured or underinsured individuals with access to insurance and opens up opportunities to graduate to more sophisticated products over time.
Our Team:
AIME's team of Actuarial, Marketing, Legal, and Software Engineering professionals have more than a century of combined experience. Through extensive research, they have developed 20/20, Canada?s first digitized, paperless Mortgage Protection product. 20/20 has been designed to offer a competitively-priced alternative to the mortgage creditor protection offered by all of the major banks in Canada. The new application is quick, user-friendly and offers instant online appro
20/20 Offers:
-Mortgage Life Insurance
-Disability Insurance
-Critical Illness Insurance
20/20 Mortgage Life Insurance is offered entirely online: get a quote in 20 seconds or si