Mortgage Insurance
Helps cover your mortgage payments if you become seriously ill or die unexpectedly.
For many Canadians, buying a house is likely the single largest investment that they will ever make in their life. That’s why it is crucial to find the right fit when it comes to mortgage insurance.
In Canada, Mortgage protection insurance helps cover your mortgage payments if you become seriously ill or die unexpectedly. It’s a smart way to secure your future. Having the right insurance plan in place can protect your loved ones when you no longer can.
DID YOU KNOW THAT….
With Bank Mortgage Insurance…
- You are not policyowner, bank is…
- You may have been eligible first, but may not really be insured when it comes tome to make a claim…
- Benefits are payable directly to your bank, not to you or your family…
- Once you change lender, you may required to by mortgage insurance again and will increase your premium dramatically…
Directly with Insurance…
- You are policyowner…
- You are underwritten for insurance upfront…
- Benefits are payable directly to you/your named beneficiary.…
- You can choose flexible options of plan to budget your premium…