Your home is your family’s biggest asset. Make sure it stays theirs.
Bank mortgage insurance usually pays the bank, and only if you die. A personal plan pays your family if you die, and pays you if you can't work.And an injury or illness that keeps you off work is more common than you’d think. A personal plan protects your home either way: it pays your family if you die, and pays you if you can't work or get seriously ill. See your options in about 60 seconds.
See how protected your home really is.
How much is left on your mortgage?
No obligation. Nothing to sign. Your plan is emailed to you.
Bank mortgage insurance has three catches.
It pays the bank.
If you pass away, the lender gets paid and the mortgage disappears. Groceries, car payments and daycare aren't covered.
It usually only pays if you die.
Get hurt, get sick or miss months of work, and most bank coverage pays nothing. The mortgage payment still comes out.
It shrinks. Your premium doesn't.
As you pay the mortgage down, the coverage shrinks every year. The premium usually stays the same.
Same home. Two very different outcomes.
- Pays your family. You choose who.Pays the bank. The lender is the beneficiary.
- Mortgage, bills, anything. Your family decidesClears the mortgage balance, nothing else
- Can also pay you if you're hurt, sick or can't workUsually pays only if you die. Add-ons still pay the lender
- Same coverage for the whole termCoverage shrinks as you pay the mortgage down
- Often costs less for the same coverageOften costs more, and the premium rarely drops
- Approved up front, before you ever need itOften reviewed only when a claim is made
- Stays with you if you switch lenders or refinanceUsually ends when you move your mortgage
- Choose your amount and term to fit your lifeTied to your loan, with little room to adjust
A $400,000 mortgage over 20 years. Something happens in year 18, with about $58,000 left to pay.
They clear the $58,000 mortgage and keep $342,000 for bills, the kids, whatever they need.
The mortgage is gone, and your family gets nothing else, after 18 years of the same premium for shrinking coverage.
Illustration assumes a 4.5% mortgage rate. Your real numbers depend on your mortgage, age and health.
Features vary by insurer and lender. Sasha will walk you through your exact options.
One personal plan. Three ways it protects your home.
Your paycheque pays the mortgage. A personal plan protects it, whatever happens.
Life coverage
Pays your family a tax-free lump sum. They clear the mortgage, keep the house and cover the bills.
Disability coverage
Pays you every month after an injury or illness, so the mortgage payment keeps coming out while you recover.
Critical illness coverage
Pays you one lump sum after a covered diagnosis like cancer, a heart attack or a stroke. Your money, to use however you need.
- Pays your family, or you. Never the bank.
- Same coverage for the whole term
- Often cheaper than what the bank charges
- Start with one piece, add the rest later
Three steps. No pressure.
Tell us about your home
Your mortgage, your work coverage and a few quick questions. About 60 seconds.
Sasha compares insurers
As an independent advisor, Sasha shops multiple insurers instead of selling you one.
Get your package
Your plan, Sasha's recommendations and the insurers compared, sent to your inbox. Then a quick call to go over it. No pressure, no obligation.
Hi, I'm Sasha.
I'm an independent advisor here in Alberta. I started out in real estate in 2021, so I know what a home means to a family, and what's at stake when there's a mortgage on it.
Common questions.
Free. No obligation. About 60 seconds. Your plan is emailed to you.