Welcome

Our new and improved Industrial Alliance mortgage insurance package has the following features:

  • New compensation packages that offer compensation for the life of the policy
  • Insurance premiums that beat the other mortgage insurance carriers
  • No unauthorized letters going out to your clients.
  • Applications that will be pre populated to make it easy to have your clients review their insurance options.
  • We have also upped the underwriting limits to $350,000 without a medical on the insurance insuring your clients can get the policy put in place easier then ever.

Case Studies

Case Study One

Applicant: Age 32, Non-Smoker, Mortgage Loan: $215,000, Int Rate: 3.99%, Monthly Mortgage Payment: $1,154.38 IA Premiums: Life: $23.65; & Dis: $14.66 – Monthly Premium Total: $38.31 IA Comp: 800% = $306.48, 25% monthly trailer: $9.58 MPP Premiums: Life: $23.61; & Dis: $15.03 – Mthly Premium Total: $38.64 MPP Comp: 700% = $370.48, or 20% monthly trailer (capped at 5 yrs): $7.73 Differences: IA comp is higher by 100% (upfront) and 5% on trailer, plus trailer runs for duration of certificate (does not cease at 5 years if cert is still active). No chargebacks applicable from either insurance provider. Difference in product pricing reflects difference in premium charge to client.

Case Study Two

Applicant: Age 28, Smoker, Mortgage Loan: $130,000; Int. Rate: 4.2%, Monthly Mortgage Payment: $698.00 IA Premiums: Life: $19.24; & Dis: $8.81 – Monthly Premium Total: $28.05 IA Comp: 800% = $224.40, 25% monthly trailer: $7.01 MPP Premiums: Life: $17.95; & Dis: $9.06 – Monthly Premium Total: $27.01 MPP Comp: 700% = $189.07, or 20% monthly trailer (capped at 5 yrs): $6.75 Differences: IA comp is higher by 100% (upfront) and 5% on trailer, plus trailer runs for duration of cert. No chargebacks applicable from either insurance provider. Difference in product pricing reflects difference in premium charge to client.

Case Study Three

Joint Applicants: Ages 33 and 41 (non-smkrs); Mortgage Loan: $225,000, Int Rate: 3.5%, Monthly Mortgage Payment: $1,123.36 IA Premiums: Life: $61.65; & Dis: $39.05*** – Monthly Premium Total: $100.70 IA Comp: 800% = $805.60, 25% monthly trailer: $25.18 MPP Premiums: Life: $60.49; & Dis***: $20.39 – Monthly Premium Total: $80.88 MPP Comp: 700% = $566.16, or 20% monthly trailer (capped at 5 yrs): $16.18 Differences: ***IA’s disability coverage provides 100% benefit to each applicant for 12 months. MPP’s disability coverage provides 50% coverage to each applicant for 12 months. IA comp is higher by 100% (upfront) and 5% on trailer, plus trailer runs for duration of cert. No chargebacks applicable from either insurance provider. Difference in product pricing reflects difference in premium charge to client.

Case Study Four

Joint Applicants; Ages 28 and 32 (both non-smkrs), Mortgage Loan: $375,000, Int Rate: 3.99%, Monthly Mortgage Payment: $1,970.55 IA Premiums: Life: $58.88; & Dis**: $49.11 – Monthly Premium Total: $107.99 IA Comp: 800% = $863.92, 25% monthly trailer: $27.00 MPP Premiums: Life: $59.63; & Dis**: $25.42 – Monthly Premium Total: $85.05 MPP Comp: 700% = $595.35, or 20% monthly trailer (capped at 5 yrs): $21.26 Differences: **IA’s disability coverage provides 100% benefit to each applicant for 12 months. MPP’s disability coverage provides 50% coverage to each applicant for 12 months. IA comp is higher by 100% (upfront) and 5% on trailer, plus trailer runs for duration of cert. No chargebacks applicable from either insurance provider.

Case Study Five

Applicant: Age 31, Non-Smoker, Mortgage Loan: $310,000; Int. Rate: 3.5%, Monthly Mortgage Payment: $1,547.74 IA Premiums: Life: $32.24; & Dis: $19.32 – Monthly Premium Total: $51.56 IA Comp: 800% = $412.48, 25% monthly trailer: $12.89 MPP Premiums: Life: $33.88; & Dis: $21.80 – Monthly Premium Total: $55.68 MPP Comp: 700% = $389.76, or 20% monthly trailer (capped at 5 yrs): $11.14 Differences: IA comp is higher by 100% (upfront) and 5% on trailer, plus trailer runs for duration of cert. No chargebacks applicable from either insurance provider.

Case Study Six

Applicant: Age 31, Smoker, Mortgage Loan: $400,000; Int. Rate: 3.99%, Monthly Mortgage Payment: $2,101.92 IA Premiums: Life: $66.80; & Dis: $26.23 – Monthly Premium Total: $93.03 IA Comp: 800% = $744.24, 25% monthly trailer: $23.26 MPP Premiums: Life: $74.32; & Dis: $29.99 – Monthly Premium Total: $104.31 MPP Comp: 700% = $730.17, or 20% monthly trailer (capped at 5 yrs): $26.08 Differences: IA comp is higher by 100% (upfront) and 5% on trailer, plus trailer runs for duration of cert. No chargebacks applicable from either insurance provider. Difference in product pricing reflects difference in premium charge to client.