Group Mortgage Protection - Life Insurance

An insurance product that helps protect your family's home for the life of your mortgage in the case of death.

Peace of mind: Expand/Collapse

"You have peace of mind knowing your assets and family are protected should you pass away."
- Specific insurance for mortgages.
- Available for mortgage loans over $25,000.
- Maximum coverage is $1,000,000.
- Maximum term coverage is 35 years.
- Program pays outstanding balance of your insured mortgage at date of death, plus accrued interest, and settlement interest.

Cost Savings: Expand/Collapse

"Joint account holders can insure the loan for a lower combined premium."
- Joint coverage available.

Affordable: Expand/Collapse

"You can purchase insurance at an affordable rate."
- Competitive rates.

Convenience: Expand/Collapse

"You don't have to worry about making your payments yourself."
- Monthly automatic payments can be set up from your account.

"As long as you have a loan you can apply for insurance today or at any time in the future."
- No closing date for application.

Additional Information

- Smoker and non-smoker rates and age rated.
- A health questionnaire is required.
- Maximum issue age is 69.
- Coverage ceases on 75th birthday.
- The details of this insurance product, including important exclusions, restrictions and limitations on the coverage and benefits payable, are contained in the Certificate of Insurance which you will receive when you apply.

Who might benefit from this product/service?

Your house is a big investment. This protection is for those between the ages of 16 and 69 who want to ensure their family's home is protected in the event of the unexpected.

 

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