Your lender offered you insurance with your mortgage in Sorel-Tracy, or you are about to get one. Before you sign, a life and health insurance representative registered with the AMF compares that offer with an individual life insurance policy. The form asks no medical questions.
The housing stock in Sorel-Tracy
Sorel-Tracy is at the mouth of the Richelieu River, on the Saint Lawrence.
Transfer duties in Sorel-Tracy
The City of Sorel-Tracy applies a 3% rate on the part of the base above $500,000.
Transfer duties are paid in cash after signing with the notary; they are not included in the mortgage loan.
What is specific to Sorel-Tracy
Sorel-Tracy sits at the confluence of the Saint Lawrence and the Richelieu, in two sectors: Sorel on the right bank and Tracy on the left bank. A Société des traversiers du Québec ferry links it to Saint-Ignace-de-Loyola.
Who gets the money
With the lender’s insurance, the lender is generally the beneficiary, and the amount shrinks with the loan balance. With an individual policy, you choose the beneficiary. Your spouse then receives a sum to use as they see fit, including to pay off the house.
At renewal
If you change lenders, insurance tied to the loan may not follow you. An individual policy stays in force. Read that clause before you sign, not when you renew.
Why there is no price here
The price depends on your age, your health, whether you smoke, and the amount insured. Without those, a figure would mean nothing.
What follows your request
Your request goes only to the team authorized for this service. A person registered with the AMF calls you back. You remain free not to proceed; your consent is timestamped and revocable from every email you receive.