Protect your family and your home
Buying a home is often the single largest purchase a person makes in their lifetime. But what would happen if you were to become critically ill, suffer an accident or die? What if you lost your job? Would your family be able to keep making the mortgage payments? Would they have to sell your home?
Several different options available including:
- Life Insurance pays the outstanding mortgage balance upon the death of one of the insured borrowers
- Critical Illness Insurance makes the monthly mortgage payment should the insured be diagnosed with one of the 15 covered Critical Illnesses and survive for at least 30 days
- Disability Insurance makes the monthly mortgage payment should the insured become disabled, and unable to perform the duties of their own occupation and remain so for at least 60 days
- Involuntary Unemployment Insurance makes the monthly mortgage payment should the insured suffer a loss of employment due to firing, layoff or bankruptcy OR if the insured becomes disabled as a result of an accident (illness is excluded) and unable to perform the duties of their own occupation and remain disabled or unemployed for at least 3 days
No Post Claim Underwriting -- all underwriting is done up-front via health questions on the application and when necessary, a telephone interview with the underwriter. No paramedical exam, supplementary health questionnaire or Attending Physician Statement required.
Canadian residents aged 18-64 (18-54 for Critical Illness). Employment requirement for disability coverage and loss of employment coverage of a minimum of 25 hours per week for 30 consecutive working days prior to the Effective Day of Insurance.
No Risk Application:
- Receive up to 60 days of free coverage
- Cancel at any time without penalty
- Transfer your coverage when you change lenders, refinance, or move the mortgage to a new property