Mortgage Protection Insurance

Support your dear ones, your house and your savings with life and Disability Insurance for your mortgage.

Around 75% of households in Canada state that they have a difficulty in paying off their routine expenses if their primary breadwinner passes away. It needn’t be that way. Mortgage life insurance is easy, comfortable and affordable choice to secure your family after your lifetime with coverage that pays the mortgage debts.

Benefits

• Leave behind a legacy, i.e. a tax-free for your loved ones

• Build tax-deferred or potentially tax-free assets

• Protect the key players of your business

• Use partner/ shareholder buy-outs

Benefits

• Coverage can begin instantly - Nil waiting period

• Budget-friendly choice of payment - Monthly, semi-monthly or weekly

• Pre-existing coverage top-up plans - save your present coverage for other requirements

• You’re insured irrespective of place of work - Coverage travels with you as you move on with your career

• 60-day money-back guarantee - So you can choose your options while being insured

Plan details

• Coverage to the extent of $1 million per individual

• Distinct Life Bridge Benefit includes mortgage debt pay until an approved life claim is settled, so you don’t run out of money as your claim is reviewed

• Can be added to mortgage Disability Insurance

Eligibility

• To qualify, you have to be a resident of Canadian within age 18 to 64 and for a residential mortgage, you have to be a borrower, co-borrower or guarantor.

• Everyone qualifies for a certain level of protection