Get mortgage insurance that puts
your family first
For most Canadians, a home is their biggest investment. Mortgage Guard® from Co-operators can protect your home, and your finances, by securing your mortgage with term life insurance. What’s more, our plans come with optional extras – like critical illness and disability benefits – in one flexible, convenient plan.
What We Offer
If you’re shopping for mortgage protection insurance in Canada, Mortgage Guard® is a great option. It lets you decide how to protect the financial well-being of your loved ones, your lifestyle and your financial future. Because, unlike mortgage insurance from other providers, our coverage puts you in total control of your policy. Here’s how:
- You own your policy, and only you can cancel it.
- Your policy stays in effect, even if you switch lenders.
- In the event of your death, your family receives the benefit directly.
- The funds can be used however your family decides, whether it’s paying off the mortgage, investing for the future or maintaining their quality of life.
- Your premium rate is guaranteed for the term of the policy.
- The benefit amount is level for the term of the policy, unless you choose to reduce it (which also reduces your premium).
- If your situation changes, for example you pay off your mortgage or sell your home, you can convert your policy to a permanent Life insurance plan, as permitted.