Mortgage Insurance
SimplInsur® Creditor Insurance
Ready to make sure your family will have the stability they need, when they need it most?
Personalized, tailored and flexible to your specific needs, SimplInsur® Creditor Insurance can cover your entire mortgage balance, so your loved ones don’t have to. Thanks to SimplInsur, it’s never been easier to help protect the people you love:
- You are automatically covered if you meet the eligibility requirements, and answer “no” to the health questions on the application
- Life insurance coverage pays up to $1,000,000 of the outstanding balance of your mortgage in the event of your death as the insured borrower
- Disability coverage pays up to $3,500 of your monthly mortgage payment if you were suddenly unable to work due to illness or injury
- Critical illness coverage pays up to $500,000 if you are diagnosed with life-threatening cancer, heart attack, or stroke
Some additional features of this product include:
- Portability (if you change lenders or move to another home, your coverage moves with you, no requalification required, no increase in premiums, and your insured amount remains the same).
- Coverage is available until the age of 64 but claims are valid until the age of 75.
- Ability to lower monthly premiums when a 5% lump sum payment of principal is made to your mortgage loan.
- Partial coverage available at a minimum of $250,000.
- Automatic approval available with loans under $750,000.
Thanks to Simplinsur, it’s never been easier to help protect the people you love from an unnecessary financial burden.
Let’s talk about taking advantage of our competitive and customizable suite of creditor offerings!
The description herein is a summary only. Please refer to the Creditor Certificate of Insurance for complete terms and conditions, including benefits and exclusions.