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Mortgage Protection Insurance

Narrate your next chapter exactly the way you want! Protect your mortgage and your family's finances should the unexpected happen.
Please contact your Mortgage Broker.

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An easy way to safeguard what matters most

Many homeowners want to protect the lifestyle their families currently enjoy in the event that something unexpected happens. They are looking at mortgage protection insurance which would cover their mortgage (the insured amount) as well as any discharge fees and penalties in the event of death, critical illness, or disability. It is something tangible they can do to help protect their biggest financial obligation.

What is mortgage protection insurance?

Simply put, mortgage protection insurance (also known as creditor or mortgage insurance) helps  you or your family keep the home you’ve worked hard to achieve if you pass away, are diagnosed with life-threatening cancer, heart attack or stroke, or if you were suddenly unable to work due to illness or injury.

How does it work?

As the insured mortgage holder, in the event of death or diagnosis of one of the covered critical illnesses, your insured mortgage balance, including any discharge fees and penalties, would be paid directly to the lender. If you were unable to work due to injury, your insured mortgage payments would be made directly to the lender until you are able to return to work. The maximum amount and number of payments, and other terms of coverage will be specified in your certificate of insurance provided on enrollment.

How do you get it?

You can apply for Simplinsur Mortgage Protection directly with your Mortgage Broker within the M3 Group. The cost of insurance or the premium will depend on the coverage you enroll for.  

You will need to fill in a separate application for insurance and may need to answer a few health questions. However, in many cases you may even automatically qualify for coverage.

If you decide to cancel your insurance later, you’re free to do so at any time.

Three types of coverage

Mortgage Life Insurance

Lovin’ your life?  Then protect it and your loved ones if the unexpected happens. With an array of advanced life products, Simplinsur can help you protect the people in your life who love you — no matter what.

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Mortgage Disability Insurance

Protect that paycheck!  Simplinsur has a comprehensive line of living benefit products to ensure you have one less thing to worry about if you are unable to work due to illness or injury.

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Mortgage Critical Illness

Think it won’t happen to you? We hope it never does, but in the blink of an eye everything you’ve worked so hard to achieve can be lost. Simplnsur can provide you with financial protection if you are diagnosed with certain life threatening illnesses. That way, you can focus on getting better and not your financial wellness.

Product details

Ready to get insured?

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