Mortgage Insurance

The right choice

Why take the Risk? Purchasing a home is one of the single greatest investments a person will make. In the event of death or disability, mortgage payments may become unmanageable. This unfortunate situation may lead to changes in lifestyle, or may result in selling your home.

Coverage? Coverage will remain in effect throughout the term of your mortgage, for up to 25 years, or your 75th birthday-whichever comes first. Discounted rates are available for non-smokers. Joint coverage is also available for both Life & Disability Insurance.

How do I pay the Premium? For your convenience, the monthly premiums are automatically deducted from your chequing account at the Credit Union. Unlike many insurance programs, your premiums will not increase as you get older for the duration of the term.

Is there a medical questionnaire? A medical questionnaire will need to be answered at the time of application. All medical questionnaires are kept confidential between the member and the insurance company and insurance coverage takes effect upon approval.


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