What is the difference between life insurance coverage from a broker (like Brio) and mortgage insurance?

Life Insurance

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Life insurance from Brio Insurance:
  • The policy pays a death benefit to your estate, providing funds for children or dependents
  • Insurance stays with you
  • You can adjust your coverage over time to fit your needs
  • Term or permanent
  • Premiums guaranteed with a term
  • Underwritten before your policy is issued
  • Get advice whenever you need from the team at Brio Insurance
Insurance from a mortgage broker:
  • Coverage is for the balance of your mortgage and paid to the broker
  • If you move, your coverage ends and you need to re-qualify
  • Your coverage decreases as you pay off your mortgage
  • Decreasing term
  • Carriers can change premiums anytime
  • Underwritten when you make a claim
  • Coverage is joint for spouses