Do You Need MORTGAGE INSURANCE? | Mortgage Insurance vs Life Insurance |

Let's start off by saying 'mortgage' insurance does not exist! It is creditor insurance and your family is not the beneficiary. In this video, I discuss the major risks of creditor insurance and I explain what is the only way you should be insuring your mortgage debt. 0:00 'Mortgage' insurance vs term insurance 0:27 There is no such thing as 'mortgage' insurance 1:00 Your family is not the beneficiary 1:30 The pitfalls of mortgage insurance 3:50 Recap of mortgage insurance 4:20 The solution 4:32 Your family is the beneficiary 4:54 The benefits of term insurance 7:38 Recap of term insurance Spotify: https://open.spotify.com/show/624XIhn... Apple Podcasts: https://podcasts.apple.com/us/podcast... Anchor: https://anchor.fm/michael-dutra #mortgage #creditor #lifeinsurance #insurance #debt #debtfree #business #businessowner #wealth #finance #realestate Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.