Envision Financial

Credit Protection

This insurance is for you if:

  • you like the idea of a financial safety net.
  • you'd like your family to enjoy the future you've worked hard to create.
  • you get a warm fuzzy feeling at the thought of your credit card bill
    being paid during a financial slump.

Overview

Key Features & Benefits

Mortgage, loan, and credit card insurance are important safeguards in maintaining your family's lifestyle in the event that something should happen to you. At Envision, we provide:

  • Mortgage life insurance
  • Mortgage disability insurance
  • Mortgage loss of employment insurance
  • Mortgage critical illness insurance
  • Loan life insurance
  • Loan disability insurance
  • Loan critical illness insurance
  • Line of Credit life insurance
  • Line of Credit disability insurance
  • Line of Credit critical illness insurance
  • Credit card balance protection

Mortgage Protection

Types of Protection

Mortgage life insurance

Mortgage insurance helps your family retain its home if you (or your co-borrower) die before the mortgage is paid off.

  • Pays the outstanding balance of an insured mortgage up to $1,000,000
  • Premiums are based on your age and the amount of your mortgage when you apply for coverage
  • Available for purchase between the ages of 16 and 69 (with coverage ending at age 75)

Mortgage disability insurance

A disability rider ensures that your mortgage payment will be made in the event you are ill, or injured, or unable to perform your usual job.

  • Available for purchase between the ages of 18 and 69. Joint coverage is available at no additional cost (benefits based on 100% unless specified)
  • Benefits start after you have been off work for 60 days and continue up to 24 months for each period of continuous disability
  • Since benefits are paid directly to your mortgage at Envision Financial, there are no tax implications

Loss of employment

A loss of employment rider ensures that your mortgage payments will be made should you become involuntarily unemployed.

  • Covers your mortgage payments up to a maximum of $3,000 per month.
  • Available for purchase between the ages of 18 and 69. Joint coverage is available for no additional cost (benefits based on 100% unless specified).
  • Benefits are paid after you've been off work for 60 days and continue for up to 9 months for each claim.
  • Since benefits are paid directly to your mortgage at Envision Financial, there are no tax implications.

Critical illness

If you are diagnosed with life-threatening cancer, or suffer a heart attack or stroke, mortgage critical illness insurance will pay off your mortgage balance in full.

  • Coverage amounts must equal life coverage and must be between $5,000 and $1,000,000.
  • Available for purchase between the ages of 18 and 59. (Coverage ends at age 75.) Joint coverage is available at reduced costs.

Loan & LOC Protection

Types of Loan Protection

Loan life insurance

  • Pays the outstanding insured balance of your loan(s), up to $75,000, should you die
  • Benefits are paid directly to Envision Financial, ensuring there are no tax implications for your family
  • Available to anyone (up to age 70), regardless of the type of employment
  • No health questions asked and no medical examination is required
  • Covers short and long-term loans of up to 10 years
  • Protects other insurance policies (private and employee benefits) to provide income for your family

Loan disability insurance

  • Covers up to $1,000 a month in regular insured loan payments if you become sick or injured and are unable to earn an income
  • Benefits are paid directly to Envision Financial, ensuring there are no tax implications for you or your family
  • Premiums are included in your monthly payments for your convenience
  • Available to anyone regardless of the type of employment
  • No health questions asked and no medical examination is required
  • Covers short and long-term loans of up to 10 years
  • Protects other insurance policies (private and employee benefits) to provide income for your family

Loan Critical illness

If you are diagnosed with life-threatening cancer, or suffer a heart attack or stroke, critical illness insurance will pay off your loan balance in full.

  • Pays the outstanding insured balanced of your loan(s), up to $90,000.
  • Available for purchase between the ages of 18 and 59. (Coverage ends at age 75.) Joint coverage is available at reduced costs.

Types of Line of Credit Protection

All line of credit protection insurance is paid monthly and is based on the balance owing on your line(s) of credit at the end of each month. These are your insurance options:

Line of credit life insurance

  • Pays the outstanding insured balance of your line(s) of credit, up to $1,000,000, should you die
  • Benefits are paid directly to Envision Financial, ensuring there are no tax implications for your family
  • Available to anyone (up to age 65), regardless of the type of employment
  • Protects other insurance policies (private and employee benefits) to provide income for your family

Line of credit disability insurance

  • Covers up to $3,000 a month in regular insured line of credit payments if you become sick or injured and are unable to earn an income
  • Benefits are paid directly to Envision Financial, ensuring there are no tax implications for you or your family
  • Available to anyone regardless of the type of employment
  • Protects other insurance policies (private and employee benefits) to provide income for your family

Line of credit critical illness

If you are diagnosed with life-threatening cancer, or suffer a heart attack or stroke, critical illness insurance will pay off your line(s) of credit balance in full.

  • Available for purchase between the ages of 18 and 59. (Coverage ends at age 75.) Joint coverage is available at reduced costs.

Credit Card Protection

Key Features & Benefits

Credit card balance protection is a voluntary insurance you can get to help you make your minimum Envision MasterCard payments if you are unable to work because of sickness, accident, layoff or involuntary dismissal. If you die, it will pay off your balance in full.

For further details, please contact your nearest Envision Financial branch.

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By Phone

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