Group Mortgage Protection - Disability Insurance

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

Peace of mind: Expand/Collapse

"You have peace of mind knowing your payments will be covered in the event of illness or disability."
- Available for mortgage loans over $25,000.
- Maximum disability insurance benefit is $3,000 a month to a maximum of 24 months per occurrence.
- Maximum term of coverage is 35 years.

"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.
- Program pays monthly insured mortgage payments.

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 disability insurance today or anytime in the future."
- No closing date for application.

Additional Information

- To be eligible you must be actively working for 20 hours per week at time of application and on date of disability to qualify for benefits.
- You must be enrolled in Group Mortgage Life Insurance in order to obtain Group Mortgage Disability Insurance.
- Disability must be for 60 days or more to start the claim.
- Maximum issue age is 69 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 69 who want to ensure their family's home is protected in the event of the unexpected.

 

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