Group Mortgage Protection - Critical Illness Insurance

An insurance product that helps protect your family's home for the life of your mortgage in the case of critical illness (i.e. heart attack, stroke or life-threatening cancer).

Peace of mind: Expand/Collapse

"You have peace of mind knowing that your loan is paid off should you suffer from a critical illness."
- Available for mortgage loans over $25,000.
- Maximum coverage is $1,000,000.
- Maximum term of coverage is 35 years.
- Program pays outstanding balance of your insured mortgage at date of critical illness diagnosis, plus accrued interest and settlement interest.

"You don't need to worry about using your other funds to make this loan payment as it is covered."
- Your payments are not affected by other insurance benefits received.

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 premium payments yourself."
- Monthly, semi-annual or annual automatic payments can be set up from your account.

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

Additional Information

- You must be enrolled in Group Mortgage Life Insurance in order to obtain Group Mortgage Critical Illness Insurance.
- No benefit payable for cancer if any signs/symptoms occur within 90 days following the coverage effective date.
- Maximum issue age is 59 years.
- 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 59 who want to ensure their family's home is protected in the event of the unexpected.

 

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