Loan Insurance offers you 2 types of coverage:
- Life Insurance: In the event of death, the Insurer reimburses the insured portion of the net debt, up to $10 million1 per participant.
- Disability Insurance: In the event of total disability, the Insurer pays the insured portion of the payments, up to $7,5001 per month per participant.
Homeowner Plus
The Homeowner Plus Option is offered exclusively to mortgage borrowers. In the event of disability, it provides a benefit equal to 150% of the instalment. This benefit enables you to continue making your loan payments as well as cover the expenses incurred for the upkeep of your property such as municipal and school taxes, electricity and heating.
1. For overall Loan Insurance and Line of Credit Insurance contracts issued by the Insurer.
