Mortgage Loss of Life Protection

Give yourself and your family the financial comfort and peace of mind of a paid off home should you suddenly die. With Loss of Life Protection, the principal and interest remaining on your Scotiabank mortgage will be paid up to a maximum of $500,000 so your loved ones aren't burdened by mortgage payments after you're gone and can maintain the lifestyle they have now1.

Loss of Life Protection premiums are determined by your age and mortgage balance on the date of application. The younger you are, the less you pay. When two borrowers are insured for the same mortgage, discounts are applied to each borrower's calculated premium.

Purchase Loss of Life Protection and Health Crisis Protection together and save!

Want to extend your coverage to include critical health conditions? Simply combine Loss of Life Protection with Health Crisis Protection to create one comprehensive package that will include a terminal illness benefit.

Significant savings can be enjoyed if both borrowers purchase Mortgage Protection. See our premium rates and discount table or Loss of Life Protection FAQs for more details.