Mortgage Insurance

Mortgage Insurance

Insuring your mortgage is about protecting your investment. Mortgage insurance takes care of your mortgage when you simply can’t. Through CUMIS*, we offer a wide range of mortgage protection options to help ensure you keep the home you’ve worked so hard for.

Life Coverage
Pays your insured mortgage balance plus accrued interest and settlement interest up to age 75 to a maximum of $1,000,000.

Disability Coverage
Covers your insured monthly mortgage payments for a maximum of $3,000 per month for 24 months (per claim) up to age 75.

Involuntary Loss of Employment Coverage
Covers your insured monthly mortgage payments for a maximum of $3,000 per month for nine months (per claim) up to age 75.

Critical Illness Coverage
Covers your insurable balance at date of diagnosis of a critical illness plus accrued interest and settlement interest for cancer, stroke or heart attack. Maximum coverage is $1,000,000 up to age 75.

 *Life and Health insurance is made available through Licensed Insurance Representatives of CUMIS Life Insurance Company, part of The Co-operateors group of Companies. CUMIS is a registered trademark of CUMIS Insurance Society, Inc. and is used under licence.