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Group Mortgage

Group Mortgage Protection is designed especially for mortgage loans and is often easier and less costly coverage option. No hassles, no sales person and fewer questions when you make claim. To qualify you'll have to answer a few health questions and may benefit from automatic loan insurance.

Group Mortgage Protection: Life Coverage

  • Maximum coverage: $500,000
  • Minimum coverage: $5,000
  • Maximum term of coverage: 35 years
  • Maximum issue age: 64
  • Age coverage ceases: 80
  • On-site maximum issuance: $250,000
  • Program pays outstanding mortgage balance plus accrued interest plus settlement interest

Group Mortgage Protection - Disability Coverage

  • Life coverage is a pre-requisite for Disability Coverage
  • Maximum monthly benefit: $2,500
  • Maximum term of benefits: 24 months
  • Maximum term of coverage: 35 years
  • Maximum issue age: 64
  • Age coverage ceases: 65
  • Elimination period (before benefits become payable): 60 day non-retroactive
  • Program pays monthly mortgage payments

Group Mortgage Protection: Involuntary Loss of Employment Coverage

  • Life coverage is a pre-requisite for Involuntary Loss of Employment Coverage
  • Maximum monthly benefit: $2,500
  • Maximum term of benefits: 9 months
  • Maximum term of coverage: 35 years
  • Maximum issue age: 64
  • Age coverage ceases: 65
  • Qualification period (before benefits become payable): 60 day non-retroactive
  • Program pays monthly mortgage payments for approximately nine months. This removes the added stress of mortgage payments and gives your member time to get back on their feet and to find a new job.

Group Mortgage Protection - Critical Illness Coverage

  • Life coverage is a pre-requisite for Critical Illness Coverage
  • Medical impairments insured: life-threatening cancer, stroke, and heart attack
  • Maximum coverage: $500,000
  • Minimum coverage: $25,000
  • Maximum term of coverage: 35 years
  • Maximum issue age: 55
  • Age coverage ceases: 70

Program pays outstanding mortgage balance at date of diagnosis of critical illness plus accrued interest plus settlement interest.

no hassles, no salesperson, fewer questions