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Scotia Mortgage Critical Illness Coverage
Coverage when you need it
To help you take your mind off money worries and focus on getting better, Critical Illness coverage can pay off your mortgage should you be diagnosed with a covered illness:
- Heart Attack
- Stroke
- Cancer
Whether you can work or not, Critical Illness coverage can cover your mortgage balance up to a maximum of $500,000. With this living benefit, you can maintain your lifestyle, protect the credit rating you worked so hard to build, and focus on your recovery.
At a glance
Depending on the number of insured customers on your mortgage and the coverage applied for, you may be eligible for a discount of up to 20% on your premiums.
Apply for Life and Critical Illness together and save!
Extend your coverage to include Life insurance coverage. Combining both Life and Critical Illness insurance will extend your coverage and you'll receive a discount on your total premium.
Significant savings when two borrowers are insured on the same Mortgage. Review our mortgage premium rates and discounts table or FAQs for more details.
Underwritten by The Canada Life Assurance Company.
All Insurance coverage is subject to the terms and conditions outlined in the Distribution Guide, which you will receive upon enrolment.