Mortgage Protection Plan’s (MPP) mortgage life insurance product offers you the most flexible, supportive and cost effective life insurance option available to Canadians.
As a mortgage professional I recommend that you have some form of protection in place.
Mortgage Life Insurance Video
Features & Benefits of Mortgage Protection Plan Insurance
Portable: MPP is fully portable from home to home and lender to lender.
Upfront Underwriting: After the initial application there is an underwriting interview via telephone which takes approximately 15- 30 minutes to complete. Depending on the information received during the interview, further medical information may be required.
Immediate Protection: You are covered while the underwriting process is underway.
Universal Coverage: Everyone who applies for coverage with MPP is guaranteed some form of protection. We never decline anyone, as long as they are under 65 years of age and their mortgage obligations are under $1,000,000.
60 Day Money-back Guarantee: Mortgage Protection Plan offers the opportunity to have immediate
coverage while you review your options. Cancel at any time, but if you cancel within
the first 60 days, you will have the premium 100% refunded.
Competitive Premiums: Even though you get older each year and the balance of their mortgage lowers very slowly for the first 18 years with regular payments, MPP premiums do not increase with age – they remain the same for the entire mortgage amortization period.
Financial strength & stability: Insured by The Manufacturers Life Insurance Company – a trusted name and industry leader.
How to apply for Mortgage Life Insurance
Mortgage Protection Plan insurance is automatically offered to all clients who obtain a mortgage through Verico.
If you have a mortgage that isn’t insured and would like to apply for coverage, please call 778-668-9320 or get in touch with me via email and with some basic information I can prepare your personalized quote.