Mortgage Insurance

Congratulations on the purchase of your new home!

It is now important for you to protect your investment in order to avoid financial worries in the event of a death, a serious illness, or a disability.

What are the benefits of purchasing mortgage insurance with an insurance broker?

By using our services, you have the option to choose your beneficiary and you are the owner of the contract. With most products offered by the Advisor, your premium will be based on your needs and your profile at time of application and will not increase even if your health deteriorates. It's also a product that follows you, so you'll keep your insurance even if you change lenders when you renew your loan.

Life insurance could be used to repay the balance of the loan and provide your beneficiaries a lump sum for other different financial responsibilities

Life Insurance

In order to preserve peace of mind of the people who are dear to you in the event of death. Life insurance can repay the amount or balance of the loan and may also release your loved ones from several other financial burdens, such as credit cards, lines of credit, loans or other debts.

Disability

If you choose to add the disability insurance option, it will help you to take over your mortgage payments if you are no longer able to work as a result of an accident or illness. This way you can maintain your standard of living and focus on your recovery.

Critical Illness Insurance

This option can reimburse the insured amount of your loan or even more if you have been diagnosed with a serious illness specified in the contract. This way you can devote your time and energies to your well being.

What are the benefits?

  • You can choose an insured value higher than the value of your mortgage
  • You can cover all your loans, lines of credit and other debts with one insurance
  • You choose the duration of your insurance
  • Premiums will not increase during the term specified in your contract
  • You can transform your policy into permanent life insurance
  • You can add coverage in case of disability and Critical Illness

One last thing:

Before you buy an insurance product, take the time to shop around and compare offers from different insurers. Your financial security advisor will be able to explain the differences not only in relation to the premiums but also with the different options of the various contracts offered by the insurers.