Credit Protection for Residential Mortgages

Right for you if:

  • You want life insurance protection for your Residential Mortgage

Credit 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 a paid-off home with Credit Protection for residential mortgages. With Credit Protection, the principal and interest remaining on your mortgage will be paid, up to the policy maximum * so your loved ones aren't burdened by mortgage payments and can maintain the lifestyle they have now.

With Life Protection, your outstanding loan balance will be paid up to the policy maximum* if you die. Rest assured that your family will be protected if you pass away.

With Health Crisis Protection, your outstanding loan balance will be paid up to the policy maximum* if you are diagnosed with a heart attack, stroke, cancer or suffer the loss of limbs, or the loss of sight in both eyes caused by an accident or illness.

Premiums are determined by your age and mortgage balance on the date of application. The younger you are, the less you pay. Combine Health Crisis Protection with Credit Protection and you'll enjoy comprehensive coverage plus a 20% discount on your premiums. And if your co-borrower also enrolls for coverage you'll enjoy even greater savings.


Fees and Terms

Premiums based on your age and balance on date of application

The younger you are the less you pay!

20% discount on premiums when you bundle Health Crisis Protection and Credit Protection

  • 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.

All insurance coverage is subject to the terms and conditions outlined in the applicable Certificate of Insurance, which you will receive upon purchase. Insurance is underwritten by Scotia Life Trinidad & Tobago Limited.

* Subject to Change

Ready to Apply?