IDC - A Mortgage Life Insurance Company
Providing Peace of Mind for Canadians
For most Canadian families, a mortgage is a large financial burden.
If you have a mortgage and you don’t yet have mortgage life insurance, please consider what might happen to your family and your home, should you become disabled or deceased before the mortgage on your home is paid for. Would your loved ones lose their home and be forced to move?
Canadian Mortgage Life Insurance
A home is filled with many treasured memories. It is imperative for the security of your family and for your own peace of mind to have mortgage life insurance…a plan that will provide for your family in the event of an untimely tragedy. In Canada, mortgage life insurance is readily available and affordable, and will help keep your family where they belong…in their own home.
Mortgage Life Insurance That Protects the Borrower
In Canada, mortgage life insurance is available in several forms.
- Lender Controlled Mortgage Life Insurance in Canada
Most lending agencies offer a type of mortgage life insurance that protects the lender from financial hardship should you default on your home loan due to a death or disability. This type of mortgage insurance is often not enough to relieve the financial strain placed on a family when a tragedy occurs. Renewing your mortgage with a different lender forces you to reapply for this "lender controlled mortgage life insurance" at an older more expensive age. It is frequently underwritten at the time of claim, which can result in unexpected denials of coverage
- Borrower Controlled Mortgage Life Insurance in Canada:
Purchasing mortgage life insurance from an outside insurance agency will provide you with the peace of mind of knowing that your mortgage life insurance policy will not be controlled by the lender. Instead, it puts the control of your policy where it belongs…with you.
Insurance Direct Canada (IDC) can help you find quality, affordable, low-cost Canada mortgage life insurance that protects your family’s interests, not the interests of the financial institution.
Insurance Direct Canada brokers approximately 20 of the top insurance companies across Canada. We can help you find the best Canadian mortgage life insurance for your needs because IDC ensures that you have access to the best insurance rates.
Types of Mortgage Life Insurance in Canada
A friendly and knowledgeable IDC insurance agent can help you understand the different types of mortgage life insurance available and determine what type of insurance policy is best for you.
- Mortgage Life Insurance That Only Covers Mortgage Payments
Some mortgage life insurance policies only provide simple protection like covering only your mortgage payments in the event of a death or tragedy.
- Mortgage Life Insurance - That Covers More Than Just Your Mortgage Payments
IDC can help you explore mortgage life insurance that not only covers your mortgage payments but also provides additional coverage for loss of income in the event of a death or tragedy.
IDC – Insurance Services for Canada
Insurance Direct Canada offers many insurance services online, with easy access to a personalized, low-cost mortgage life insurance quote, from the convenience of your own home.
IDC brokers mortgage life insurance for Canadians living in Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories, and Nunavut.
You can also contact an IDC insurance agent directly by calling from anywhere in Canada
Toll Free at 1-866-238-9271. A friendly and knowledgeable broker will be happy to assist you in obtaining a competitive mortgage life insurance quote.
Contact Us today or get a no-hassle Instant Online Quote now.
“Insurance Direct Canada, your partner in an ever-changing world”
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