Mortgage Life Insurance Name, DESIGNATION Title, Company Name Date

Mortgage Life Insurance Before your clients say yes to mortgage insurance, let them know they have other options.

Mortgage Life Insurance Your clients can purchase mortgage insurance from a bank or another lending institution when their mortgage loan is approved They can purchase an individually-owned term insurance plan from Manulife Financial

Mortgage Life Insurance With mortgage insurance from most lenders: Lender is the sole beneficiary so the life insurance benefit goes directly to the lender -- not your client’s family As the mortgage decreases so does the benefit amount, but the premiums remain the same If your client switches lenders, they have to reapply for new mortgage insurance which could lead to higher premiums because they're older or they may not qualify The premiums and terms of the insurance may not be guaranteed and could be changed by the lender at any time.

Mortgage Life Insurance With Family Term insurance from Manulife: Beneficiary can use the tax-free life insurance benefit however they want Even if the mortgage decreases, the life insurance benefit stays the same Client can transfer their mortgage to a different lending institution and their mortgage life insurance coverage goes with them Client can cancel or alter their coverage when they choose

Mortgage Life Insurance The client is in charge with personal mortgage insurance Benefit Manulife's Family Term Creditor Mortgage Insurance Client chooses beneficiary Yes No Insure any amount Benefits remain level Premiums and benefits guaranteed

Mortgage Life Insurance Take a look at the difference in cost: Age Sample Creditor Mortgage insurance Manulife's Family Term-10 Manulife's Family Term-20 Manulife’s Family Term-65 30 $19.44 $17.90 $20.74 $31.60 35 $28.08 $18.60 $23.45 $35.22 40 $43.20 $22.64 $30.10 $42.27 45 $62.64 $31.06 $46.03 50 $86.40 $45.45 $71.98 N/A Monthly premiums for: Male, non-smoker, Standard Risk (Healthstyle 3), $200,000, monthly premiums. Sample creditor mortgage protection mortgage insurance rates includes per cent PST (Ontario)

$ Mortgage Life Insurance Your clients get more for their money with Manulife’s Family Term insurance Four coverage choices Term-10 Term-20 Term-65 Term Life (T100)

Mortgage Life Insurance (cont’d) Flexibility Increase and decrease coverage Switch coverage options Add and delete coverage's or lives Convert part or all of coverage to permanent insurance Combined coverage option Covers two lives with a 3% discount on the cost of insurance

Mortgage Life Insurance Family Term from Manulife is the only mortgage insurance that makes sense.

Thank you