Mortgage Insurance

When you die, mortgage insurance acts to protect those you love so they won’t be burdened with your mortgage debt.
No delay in death benefit payment
Accumulated value of policy tax free
Better than what you’d get at a bank

 Instant, online, in minutes

What is Mortgage Insurance?

Mortgage insurance is a monthly fee paid by mortgage-holders to protect themselves or their families in the event that the mortgage holder is unable to continue paying the mortgage, due to death or unforeseen circumstance. This insurance is often mandatory for new homeowners.

When is Mortgage Insurance mandatory?

In Victoria BC, insurance for mortgages are generally a legal obligation with most financial institutions.

Quotes for Mortgage Insurance

What does Mortgage Insurance cover?

Mortgage Insurance protects the lender holding your mortgage, but it can protect you, too. A good protection plan provides coverage for defaulted mortgage payments, so if unforeseen circumstances disable you and your family from completing a monthly mortgage payment, your insurance can cover the cost and keep you protected. Our protection plans will keep you and your family insured simply and affordably, with consistent rates and ease of exit.

Quotes for Mortgage Insurance

Our Protection Plan offers:
Portability (i.e. if you change mortgage lender for the balance of the initial insurance term, the insurance continues with new mortgage lender)
Premiums that will not increase with your age, as long as your mortgage amount does not increase

Save Me Dollar’s Mortgage Insurance Protection Plan provides simple and affordable mortgage insurance that may help protect your family from the financial burden represented by mortgage payments in the event of a death.

Our Life coverage will pay out the insurance proceeds to cover your financial commitment giving you peace of mind from the worry of potential financial burden to your family.

A Mortgage Insurance Policy Protects Your Loved Ones
When you a home with this kind of policy, you will never have to worry about your family facing foreclosure should you suddenly become incapacitated or pass away.
Simpler, smarter,
more rewarding
life insurance.
We think life insurance should be more about living. So we’ve reinvented it to help you get on with life.
Do everything online, in no time
Qualified support when you need it
No paperwork, no jargon
Your coverage starts immediately
Insurance, at the best possible price
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World-class coverage that rewards you with
wealth while you’re alive.