Life Insurance Required for Mortgage

Many banks will require a life insurance policy to be collaterally assigned to them for the amount of your mortgage. Your bank loan officer will advise if such a policy is needed for your mortgage purposes.

With life insurance, as with any product of this nature, it is definitely worth your while to shop around and check quotes, coverage terms, reputation and customer service strengths of several providers. There are numerous providers who offer life insurance in the Cayman Islands but an independent broker will do the shopping around for you.

Three well-known and respected independent brokers are:


Michael Webster – Life Agent

Michael Webster offers term life, universal life and whole life policies, plus college saving plans and more.

Tel: +1 345 925 5433 Email:

Karim Awe – Life Insurance Cayman

Karim offers advice on the most appropriate insurance plan to meet your requirements and budget.

Tel: +1 345 916 0948 Email:

Winston Pamphile at Cayman Insurance Centre

With over 23 years of insurance experience Winston Pamphine can offer the most appropriate insurance product for your needs.

Tel: (345) 324 0649 Email: