What Insurance Agents Are Not Telling You About Your Mortgage Insurance
The secret no agent will tell you voluntarily is a simple truth that almost no insurance agent will tell you directly: the higher your monthly premium, the more he earns. Want to know how much you are paying above what is necessary? Check for free now>> This is not a trade secret. It is the business model. An insurance agent earns, on average, about 20% of your monthly premium. In other words, he has no interest in making sure you pay less. On the contrary, the more you pay, the more your agent earns. This is not a matter of lack of professionalism. It is a matter of interests. Let’s talk in real numbers. A 49-year-old client, a smoker. His partner is 47, a non-smoker. A mortgage of NIS 1.2 million. His monthly premium: NIS 364. Sounds reasonable? Let’s calculate how much of that goes to the agent: NIS 364 x 20% = NIS 73 a month to the agent. That is NIS 876 a year, from this one client alone. Now ask yourself, will your agent remember to call you and offer a review? Want to know how much you are paying above what is necessary? Check for free now>>
But wait, let’s look at it from the client’s side: the client pays NIS 364 a month for insurance that could cost NIS 192. The difference: NIS 172 a month thrown away. In a year? NIS 2,064 wiped out of his pocket, money he could have used for anything else.
What happened when we checked for him? When we conducted an objective, independent comparison among insurance companies for that same client, the results were surprising: Want to know how much you are paying above what is necessary? Check for free now>>
A saving of up to NIS 172 a month, more than NIS 2,000 a year on the same coverage. The same data. Without giving up anything.
So what created the difference? Your agent does not want you to pay less. No magic and no different product, only a higher discount. Every mortgage insurance policy has a base price, and on top of that insurance companies grant discounts that can reach 55% to 65%. Your agent is the one negotiating with the insurance company. And when your premium is higher, he earns more. He has no reason to push for the highest possible discount. That is exactly what happened with the client in the example, he got a discount, but not the discount he was entitled to.
In simple terms, how much the client paid extra: per month: NIS 172 thrown away. Per year: NIS 2,064 wiped out of his pocket. In 5 years: NIS 10,320, money he could have used to renovate his home or for other expenses. In 10 years: NIS 20,640, money that could have gone to renovation or books. And that is only one extra charge.
How many clients does your agent have? So how much are you paying above what is necessary? If no one has reviewed your policy in the past year, you are likely paying more than you should. Leave your details for a free, objective check, and we will get back to you within 24 hours with a true picture of what you are paying and what you can save. Get a free check of your mortgage insurance. No cost. No obligation. Just a real picture.
