Protect your family and your family home

You’ve worked hard to build a life for you and your loved ones. With Term Life or Critical Illness insurance, you have two flexible options to help protect what matters.

Flexible coverage

Choose how long and how much coverage you want. Cover your mortgage and more.

Protection you can count on

Get insurance that keeps its value over time, at the same cost.

A legacy for your family

Leave a payout to your family, not your mortgage lender.

Constant coverage

Your coverage stays with you even if you change home, mortgage lenders or jobs.

 

Mortgage insurance through a mortgage lender

Term life insurance 

Critical illness insurance 

Who does the insurance cover?

It covers your mortgage debt.

Protect your whole family, even those not responsible for paying your mortgage.

Protect your whole family, even those not responsible for paying your mortgage.

What does the insurance cover?

Covers the remaining balance outstanding on your mortgage only.

Anything your loved ones need. In addition to your mortgage, it can cover debts and future expenses, like college tuition.

Anything you need. In addition to your mortgage, it can cover debts, health expenses, and more.

Who gets the benefit if I die or become seriously ill?

The mortgage lender is automatically the beneficiary.

You decide who gets the insurance benefit.

You decide who gets the insurance benefit.

What happens as my mortgage balance decreases?

The coverage amount decreases as the mortgage balance decreases. Your rates stay the same. When your mortgage is paid off, the coverage disappears.

Your coverage amount stays the same for as long as you own your policy – unless you decide to change it. Your rates won’t go up.

Your coverage amount stays the same for as long as you own your policy – unless you decide to change it.  Your rates won’t go up.

What if I switch mortgage lenders?

You may lose the coverage and might need to re-apply. As rates can change, your premiums could be different. You may also have to answer health questions when you re-apply.

Your coverage is not tied to your mortgage. You can carry it with you if you move again.

Your coverage is not tied to your mortgage. You can carry it with you if you move again.

How much coverage can I get?

You can get covered for up to 100% of what you owe for your mortgage.

$100,000 to $1 million, in units of $25,000. $25,000 or $50,000.
How long can I get coverage for? The full amortization period of the mortgage. 10 or 20 years.

The policy lasts until:

  • A claim is paid.
  • You cancel the policy.
  • The policy anniversary after the insured person's 70th birthday.
How can I apply? Through your mortgage lender. Get a quote & apply Get a quote & apply

 

 

Start with a quote

All it takes is an online quote to get started. Select the coverage you want, term and you’re ready to go

 

Get a quote today