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Highly-competitive & flexible insurance

We offer term, permanent, and universal life insurance

Mortgage Comparison

Acquiring individually-owned mortgage insurance is an excellent choice.


  Individually-owned Mortgage Insurance Through your Mortgage Lender
Type of Insurance Available Term or Permanent
(Universal Life)
Beneficiary Anyone you decide Your Mortgage Lender
How Insurance is Used Your beneficiaries decide. For example, if the mortgage rate is low, it may be better to invest the death benefit rather than use it to pay off the mortgage. Pays off the mortgage
Payment Frequency Monthly, quarterly, semi-annually, annually With your mortgage payment
Other Life Insurance Needs You can take care of all your other insurance needs with one policy You can cover only the mortgage
Continuing Coverage You’re either covered until age 80 or you can convert* to any eligible permanent or universal life policy Your insurance ends with your mortgage
Portability You insurance stays with you even if you refinance or change lenders If you move your mortgage, your insurance ends and you have to re-qualify with the new lender. Refinancing may also require you to re-qualify, even though you’re with the same lender.
Insurance Benefit You can get a level benefit, or you can adjust your benefit over time to match your mortgage Decreasing with the amount borrowed
Advice You deal with a licensed life insurance advisor who can help you determine the type and amount of coverage that’s best for you Your mortgage lender may not be licensed and may not be able to provide advice on life insurance
Premium Guarantees Your premiums are guaranteed, as are future renewals Premiums are not guaranteed (although they rarely change)
How long are Premiums Paid? Will vary depending on the plan chosen As long as the mortgage is payable
Male and Female Rates Your premium is based on gender, smoking status, health and lifestyle factors Same rates for men and women
Provincial Sales Tax None Premiums in Quebec and Ontario are subject to sales tax
Options and Riders You can customize your coverage with Waiver of Premium, Accidental Death and Dismemberment and Children’s Insurance riders None usually available
Non-Smoking and Healthy Lifestyle Discounts Yes Not usually offered