Private Life Policy
Protects your family
Gives you control — you own the policy, choose the beneficiary, and select the type of coverage you want.
Fully portable — your plan will continue when you move and you don’t have to buy a more expensive policy (if you are older).
Provides flexibility — upon death, your family has the option of paying off the mortgage or investing the funds if the economic conditions warrant it.
Offers you a choice of plans and benefits — you choose the type of policy and benefits you want.
Allows shopping for interest rates — upon renewal, you are not tied to one lending institution and can shop around for a better mortgage rate.
Gives you a choice of amount of coverage — you choose the amount of coverage you require and the coverage does not decrease as the mortgage is reduced.
Provides stable coverage — BBI Life plans have built-in grace periods from 30 to 90 days for missed premiums.
Coverage is renewable and convertible — term plans can be renewed after the initial term or can be converted to a permanent plan without a medical.
Expert advice — you deal with a professional insurance advisor and all your coverage can be through one broker.