What would happen to your home if you suddenly got ill or passed away? Credit Life Protection for residential mortgages not only safeguards your family's mortgage debt, but also protects them from having to change the way they live at a time when they need comfort and stability the most.
Give Yourself Peace of Mind
Give yourself and your family the financial comfort and peace of mind of being mortgage free should you pass away. With Credit Life Protection for residential mortgages, the principal and interest remaining on your mortgage will be paid up so your loved ones aren't burdened by mortgage payments after you're gone. They can maintain their current lifestyle and long term financial plans such as retirement and education costs.
Premiums are determined by your age and mortgage balance on the date of application. The younger you are, the less you pay. If there's more than one borrower on your mortgage, purchase joint coverage at a discount and enjoy significant savings.
For rates and more information on Credit Life Protection for residential mortgages, or to apply for coverage, simply visit your nearest Scotiabank branch.
A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan.
Coverage is subject to specific limitations and exclusions, including age restrictions, as described in the Certificate of Scotiabank Credit Life Protection Insurance and the Policy, which you will receive upon purchase. Please refer to the Certificate of Scotiabank Credit Life Protection Insurance for details.
Insurance is underwritten by Sagicor Life Inc.
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