Mortgage Insurance, MPP by Manulife

Manulife Mortgage Insurance

Mortgage Insurance helps protect your loved ones, your home, and your savings in case something happens to you

 

Seventy-five percent of Canadian households say that they would have difficulty paying everyday living expenses like their mortgage if the primary breadwinner were to pass away.1 It doesn’t have to be that way. Mortgage life insurance is a simple, convenient, and affordable way to protect your family’s future, with coverage that pays off the mortgage balance if the mortgage holder passes away.

 

Luckily for you, Dominion Lending Centre agents (like me!) can offer you an amazing product at a lower rate than most insurance products, and the best part, even if you move, this insurance comes with you, keeping your family covered. 

 

Benefits:

  • Coverage can start immediately
    • No waiting period
  • Budget-friendly payment options
    • Monthly, semi-monthly, or weekly
  • Top-Up existing coverage
    • Preserve your current coverage for other priorities
  • You’re covered wherever you work
    • Coverage stays with you wherever your career takes you
  • 60-day money-back guarantee
    • So you can consider your options while being covered

  

Plan Details:

  • Coverage up to $1 million per person
  • Unique Life Bridge Benefit covers mortgage payments until a submitted life claim is settled so you’re not out of pocket while your claim is being reviewed
  • Can be complemented with mortgage disability insurance

  

Eligibility:

  • To apply, you must be a Canadian resident age 18 to 64 and a borrower, co-borrower, or guarantor for a residential mortgage
  • Everyone is eligible for some level of protection

Contact a mortgage agent today for some more information and a quote on your insurance! 

 

1 LIMRA, Canadian Life Insurance Ownership, Household Trends, 2013

 

Details originally posted here: https://www.manulife.ca/personal/insurance/mortgage-protection-insurance/mortgage-life-insurance.html