CHOOSE TO INSURE YOUR MORTGAGE WITH US:

 We can offer you several advantages that your lending institution cannot, such as:


  • You keep your insurance, even if you refinance or change lenders upon renewal.
  • You own the contract and choose your beneficiary.
  • Your premium is based on your personal profile and will not increase, even if your health changes.


The mortgage insurance that is right for you!

Pick-A-Term

Covers all personal loans and mortgages

Allows you to pay off financial debt, in whole or in part, in case of death.


Pick-A-Term insurance offers:

*A guaranteed amount that could be greater than the value of your loans

*Your choice of coverage term, from 10 to 40 years

*Premiums that will never increase during the selected term

*Protection for all your loans, lines of credit and mortgage with a single coverage

*The opportunity to convert your term insurance into permanent life insurance

*Coverage in the event of a critical illness or disability (25 illnesses covered)


 What is mortgage Insurance?


​There are three types insurance you should consider when holding a mortgage:

  1. Mortgage loan insurance- (CHMC).
  2. Term life mortgage insurance- typically purchased through private insurer.
  3. Mortgage life insurance- typically sold by lender during the mortgage process.

 

​What is CMHC Mortgage Loan Insurance?

Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment starting at 5%* — with interest rates comparable to those with a 20% down payment.

To obtain mortgage loan insurance, lenders pay an insurance premium. Typically, your lender will pass this cost on to you. The premium payable is based on a percentage of the home’s purchase price that is financed by a mortgage. The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

Mortgage loan insurance is not to be confused with mortgage life insurance which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate. READ MORE


What is Term Life Mortgage Insurance?

Term life insurance is just that — an insurance policy that covers you for a set number of years, typically 10 to 30 years.
The premiums, and the amount that your beneficiaries receive if you die, will stay the same through the life of the policy.
That's another key difference: Your family receives the payout and decides what to do with it. .READ MORE

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What is Mortgage Life Insurance?

With mortgage life insurance, the beneficiary is the bank -- with personal life insurance, you get to name your beneficiary. You (or rather, your beneficiary) will have the flexibility to choose how to spend the money. They may not need it to pay off the mortgage. READ MORE



A combination of permanent life insurance and savings

Offers you lifetime coverage and the opportunity to save with certain tax benefits.

The ideal solution if:

You would like to leave a significant inheritance. 
You have contributed the maximum amount to your RRSP and your TFSA.
You would like to protect the value of your company.

Justice Abebe

Financial Advisor

   PUT MORE IN YOUR POCKET

Lifetime insurance coverage

Permanently protects your family and your legacy.

The ideal solution if:

You would like to leave a legacy. 
You would like to be protected, even if your health changes. 
You would like to ensure the continuity of your business.

We offer 2 additional types of life insurance to meet your needs:

Contact   +1.613-914-0578