What would happen to your home if you passed away? Credit Life Protection for residential mortgages not only safeguards your family's mortgage debt, but also protects them from the possibility of 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 so your loved ones aren't burdened by mortgage payments, with possibly a reduced monthly income after you're gone. They can maintain their current lifestyle and long term financial plans such as retirement and education.
Premiums are determined by your age, and mortgage balance and amortization 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 with a discount on your total premium.
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 Insurance, which you will receive upon purchase.
Please refer to this Certificate for details.
Insurance is underwritten by Sagicor Capital Life Insurance Company Limited
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