Scotia Mortgage Protection
We may not be able to see tomorrow, but we can plan for it financially.
See how insurance can help protect your vision of the future. With Scotia Mortgage Protection, you can maintain the home and lifestyle you've worked hard to build.
Step 1: Log in to Scotia Online
Step 2: Choose one or all insurance coverages
Scotia Mortgage Protection offers three insurance options to choose from. You select the coverage that’s right for you.
Coverage can pay off your outstanding balance* if you pass away.
Coverage can pay off your outstanding balance* if you experience a critical illness such as heart attack, cancer, or stroke.
Coverage can pay a monthly benefit* if you are unable to perform the essential duties of your job.
Step 3: Apply for Scotia Mortgage Protection now
Registered trademark of The Bank of Nova Scotia.
The maximum coverage amount for Critical Illness coverage is $500,000 per Mortgage or for all Mortgages combined. For Life coverage, the maximum coverage amount is $750,000 per Mortgage or $750,000 for all Mortgages combined. The maximum monthly benefit amount for Disability coverage is $3,500 plus your Mortgage Disability premium (including applicable taxes), for up to a maximum of 24 months. Full details of the coverage, including when coverage begins and ends, how to make a claim, terms and conditions, and limitations and exclusions, are outlined in the Certificate of Insurance. All Insurance coverage is subject to the terms and conditions outlined in the Distribution Guide, which you will receive upon enrollment.
The Bank of Nova Scotia and ScotiaLife Financial are not insurers. Mortgage Protection insurance is underwritten by The Canada Life Assurance Company