Mortgage Protection

While it's always best to look on the bright side, the truth is that bad things sometimes happen. Should something happen to you, loan insurance will take care of your payments for up to 24 months. If the worst happens, your loan will be paid off in its entirety.

Mortgage Disability Insurance:

  • a maximum monthly benefit of $3000 (not to exceed scheduled monthly payment) 
  • a maximum monthly benefit term of 24 months per insured
  • an age range eligibility of 18-65 years
  • no tax on payments
  • payments are made regardless of other disability plans
  • a joint coverage option

Mortgage Life Insurance (in the case of death):

  • a maximum benefit of $500,000 (not to exceed the amount of the loan) 
  • rates based on smoker and non-smoker
  • a maximum term of 50 years
  • an age range eligibility of 18-65 years
  • no tax on payments
  • payments are made regardless of other life insurance plans 
  • a joint coverage option

For more information or to book an appointment with one of our lending specialists, contact us.