Products & Services

Mortgage Insurance

Your home is comfort, shelter and likely your largest and most important financial commitment. Most people look to protect their homes against loss by fire or theft. However, insuring your home in case of the loss of a primary earner could be your top priority.

Your Investors Group Consultant can help ensure that your home is protected with the insurance that best meets your needs.

Homefree^TM Mortgage Life Insurance vs. Personal Life Insurance

Topic	Homefree Mortgage Insurance Plan	Personal Insurance Plan
Policy Owner	Lender is the owner and beneficiary of the policy.	Client owns the policy and designates the beneficiary.
Proceeds	Pays out the amount owing on the mortgage at time of claim.	Pays out the total value of the insurance plan to the designated beneficiary. The value of the coverage remains stable for the life of the plan.
Duration	Coverage expires when the mortgage is paid off	Coverage continues independent of what occurs with the mortgage.
Premium amount	Premium is set at time of mortgage application and remains level for the life of the mortgage.	Premiums are guaranteed for the life of the plan.
Qualification	Premium is based on your age and smoking status.	Premium is based on your age, health and smoking status.

I.G. Investment Management Ltd. is a licensed mortgage broker, Investors Group Trust Co. Ltd. is a trust company licensed to lend money in all jurisdictions in Canada.

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