For most of us, buying a home is a major financial commitment. It’s also the one decision that has the greatest effect on the security of our family. When a loved one passes away, the last thing family members should have to worry about is whether or not they can keep their home.
Our Mortgage Life Insurance plans are specifically designed to fit your mortgage and will help ensure your family’s security if something were to happen to you. The Plan will cover the amount owing on your mortgage and provide your family with a mortgage-free home in the event of a tragedy. You’ll have peace of mind knowing your family won’t have to give up their home if something were to happen to you.
Our mortgage customers enjoy the benefit of affordable premiums because our premiums are calculated based on low group rates. Your premium is set at the time you apply for insurance and does not increase as you get older.
No matter which mortgage payment frequency you choose, your premiums will be conveniently collected from your bank account along with your mortgage payment.
IT’S EASY TO APPLY
If you are a resident of Canada, you can apply for coverage of your full mortgage balance. If need be, the mortgage co-borrower and/or guarantor are also eligible to apply at the time you arrange your mortgage.