Other Insurances that we offer —
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Life Insurance for Mortgage Protection
Disability Protection
Long Term Care Insurance
Your formula for the best in Mortgage Protection:
Your home is probably the biggest investment you'll ever make. When you arrange a mortgage with a financial institution, they must ask you if you want to insure your mortgage through them. But mortgage insurance from your bank or mortgage lender may not be your best alternative.
Life insurance gives you more options and greater control over your mortgage protection. Compare these advantages to what happens when your mortgage lender insures your mortgage:
Mortgage insurance Life insurance
Your insurance covers only your mortgage balance.
You can choose from different types of insurance (i.e. term or permanent) with a death benefit to cover more than just your mortgage.
Even though your mortgage debt reduces over time, your premiums remain level.
Your coverage amount does not decrease over time unless you choose to change it.
If you die, only the outstanding balance on your mortgage is paid off.
If you die, the death benefit is paid to your beneficiary who can use it as they see fit, not just to pay off your mortgage.
The mortgage lender is automatically the beneficiary. You name the beneficiary.
If you take your mortgage to another company, you may lose your existing mortgage insurance and may be required to re-qualify for new mortgage insurance.
If you take your mortgage to another company you keep your existing insurance, so you don't have to re-qualify.
You lose all your coverage when your mortgage is repaid, assumed or in default.
As long as premiums are paid your coverage remains in place, even if your mortgage is repaid, assumed or in default.
You have no flexibility to change your coverage as your needs change.
If you decided you need coverage only until your mortgage is repaid but later realize you require coverage for other needs, you can convert your insurance to a permanent plan.
Wouldn't it be better to own your policy and maintain control over this important type of protection? Before you sign anything, talk to us about a better way to guarantee the repayment of your mortgage. Even if you have a mortgage protection policy with your bank, talk to us and we will be able to give you a much better option.
 
Disability Insurance:
Disability insurance can provide you with financial security by replacing a portion of your earnings when an accident or illness causes you to become disabled and unable to work or earn an income. Accidents and illnesses are a fact of life. They could happen to anyone at any time. Did you know that?
  • 1 in 3 people, on average, will be disabled for 90 days or longer at least once before age 65.
  • The average length of a disability that lasts over 90 days is 2.9 years.
Both personal and business disability insurance solutions are available that offer flexibility and features to help bridge the gap between income and expenses during a disability.
Long Term Care Insurance:
Long Term Care Coverage is very different from Life Insurance, Critical Illness Protection, and Disability Insurance. It is more related for people older than 50-55 years old. Long Term Care Insurance provides benefits to pay the cost of health and personal care services for someone who becomes unable to care for himself or herself. To ensure a comfortable future, it makes sense to purchase long-term care insurance at age about 55. The basic coverage provides benefits to pay for health and personal care services for an insured person residing in a long-term care facility. You can also purchase additional coverage that would pay for home care provided in the comfort of the insured person's own home. Home care also includes help with everyday tasks such as cooking, cleaning and shopping. Depending on the plan selected, a policy could specify that benefits be paid for one year, two years, five years, or for the insured person's entire life. The coverage becomes popular in Canada because of baby-boomers.
  
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