Home Mortgage Protection
See how mortgage life and disability insurance can help you cover your mortgage payments when you can’t.
Cover yourself – and your family – with the right protection
Home Mortgage Protection from Eclipse provides the comfort that comes with knowing your family and your home are protected if an unexpected health event prevents you from making your mortgage payments.
Life coverage
The loss of a loved one can have a major emotional and financial impact on your whole family. Life Insurance can help by:
- Paying off or paying down the outstanding mortgage balance in the event of the death of an insured homeowner, up to $750,000
- Reducing or eliminating the financial burden of mortgage payments for the family
Coverage for illness or injury
If you have Mortgage Life Insurance with Eclipse, you also have the option to enroll in Disability Insurance. Coverage that allows you to focus on your recovery following an illness or accident, helping by:
- Covering up to $4,000 in monthly mortgage principal, interest, and property tax1 payments
- Continuing to make these mortgage payments until you can return to work, for up to 24 months per disability
Protecting yourself and your family is easy
If you’re between the ages of 18 and 64, and a Canadian resident, you’re eligible to apply for coverage. Once approved, Eclipse will collect premium payments along with your mortgage payments, so there’s no extra bill to worry about.
Call to discuss your coverage options with a licenced insurance representative, or to apply.
Call: 1-866-800-4002The Canada Life Assurance Company is the insurer of this product. Full details of coverage, including limitations and exclusions that apply, are set out in the certificate of insurance that is provided on enrollment.
¹ Property tax payments included in the mortgage payment are covered under the Mortgage Disability Insurance benefit.
