CREDIT PROTECTION

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BENEFITS AT A GLANCE

Protect your home and your family by insuring your mortgage and other loans.


Customizable

Choose from any combination of life insurance, critical illness or disability insurance for comprehensive protection designed just for you.

Builds on Existing Coverage

If you have other coverage, such as through an employer, no problem—you can receive additional benefits on top of other coverage.

Affordable & Convenient

Choose from budget-friendly payment options and rest easy knowing your payments are included with your regular mortgage payments.

COVERAGE OPTIONS

MORTGAGE
LOAN
LINE OF CREDIT


PERSONAL MORTGAGE

Protect your home and your family's finances from the unexpected with mortgage balance insurance. That way, you can rest assured that your payments are covered in the event of critical illness, disability or death.


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.

 


PERSONAL LOAN

It's important to protect your lifestyle and your credit rating—you want to be sure your loan payments are covered in the event of critical illness, disability or death.


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, mortgage critical illness insurance will pay off your mortgage 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.



PERSONAL LINE OF CREDIT

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.


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.

 

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TALK TO AN EXPERT

Book an appointment with one of our advisors so we can ensure you get the coverage that's right for you.

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