MORTGAGE
INSURANCE

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The importance of insuring your mortgage

Purchasing a home is one the biggest investments you’ll make in your life. It is therefore essential to find mortgage insurance that is adapted to your situation. There are many advantages to insuring your loan with us that your loaning institution doesn’t offer:

  • You’ll keep your insurance even if you switch lenders when you renew your mortgage.
  • You own the contract and choose your beneficiaries.
  • Your premium is set based on your personal profile and will not increase, even if your health condition worsens.

DID YOU KNOW?

  • Mortgage insurance from a bank is more expensive than from an insurance company.
  • In the event of disability or death, the insurance covers your mortgage payments or any other loans.

Coverage adapted to your needs

Pick-A-Term

To cover all your loans, in the event of death

Pick-A-Term allows you to cover, in part or in full, your financial commitment in the event of death. All your loans and lines of credit are covered with one insurance policy. This term coverage gives you the freedom to choose the exact duration of your insurance term, from 10 to 40 years, and your premiums won’t increase.

You can, at any time, convert your term insurance into permanent life insurance.

Universal loan insurance

For repaying your debts in the event of disability

Universal loan insurance is a preferred solution because it allows you to repay the balance of your debts, in part or in full, while you are on disability. This coverage is also offered to tenants.

Compare our mortgage insurance products

Pick-A-Term Universal loan insurance
Duration of coverage 10 to 40 years 2 years, 5 years or up to age 65
Guaranteed renewal Up to age 65
Option to convert to permanent life insurance -
Coverage offered to tenant