Thursday, 17 April 2014

Call Greg Sloan today, ask him about GAPP Essentials

Personal insurance is a difficult topic, but integral in home buying

By Mark Schadenberg
I can think of at least seven reasons to call Greg Sloan.
Who is Greg Sloan?
Sloaney is the Rogers TV play-by-play voice of the London Knights – a live broadcast of Knights OHL hockey games, which I have hosted for the past seven years.
However, I'm a full-time Realtor for the past 15 years, and at the same time Sloaney certainly also has a real job – a career.
Greg Sloan sells insurance and is spear-heading the introduction into southern Ontario a company called GAPP Essentials Inc.
I'm not sure if he would ever grab a suggested slogan from me and I'm not sure it truly makes sense, but I wouldn't close the deal on a house purchase without also closing (a deal) the GAPP. 
The Greatest Asset Protection Plan (GAPP) is insurance for peace-of-mind for a family's home purchase.
Your lending institution might maybe discuss with you insurance as coverage in case of injury or illness that could prevent you from making mortgage payments. And we never like to talk about death, but what would happen to your home, if you or your spouse suddenly passed away?
Again, call Greg Sloan for the full story as I'm a Realtor – not a lawyer, mortgage specialist, or a doctor or an accountant or an insurance specialist.
The bottom line is that your 'greatest asset' is not your house, but your greatest asset is - in fact - yourself and your partner, and your ability to create an income to continue making the mortgage payments required to eventually and hopefully lower your amortization to zero.
So, if you're planning to purchase a home this year, among the people you should consult are your Realtor (myself), a mortgage expert (I have a long list of great people I could refer you to), and to discuss the home ownership insurance coverage you will need.
By the way, I'm surprised to discover how many people with a house and children, do not have a will, but that's a topic for another day. CMHC premiums have been discussed here often also and are not related to today's topic.
Back to the GAPP
So, I said there are seven reasons to call Greg Sloaney. The list includes: what is a joint life policy, what is mortgage life insurance, who is the underwriter of the insurance, who is the beneficiary, are your premium rates ever going to change during your current mortgage, is this whole life insurance or does its value become zero if your home is paid off, and what are the London Knights chances of winning the Memorial Cup now that they have more than 30 days off before the tournament?
A third-party insurance option.
Think About: GAPP . . . www.greatestassetprotectionplan.com
Many home buyers also purchase additional insurance from their 'bank' (or lending institution such as a credit union) to specifically cover any short-term disability issues (injury or illness) that may occur, or sadly the death of one of the spouses. Instead of buying such coverage through your 'bank', you should at least consider a third-party suggestion such as GAPP (Greatest Asset Protection Plan) Essentials Inc.
Providing money when you need it the most.
Contact:
Greg Sloan (pictured)
519 851-6500
www.greatestassetprotectionplan.com





A full-time Realtor for 15 years, offering my knowledge and advice:
Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty
757 Dundas St, Woodstock
www.wesellwoodstock.com
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland

Discussion . . . Direction . . . Determination . . . Destination

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