Get up to $500,000 mortgage insurance non medically

Looking to enhance your current Life Insurance program?

A unique packaging of Life Insurance, Accidental Injury Critical Illness, and Critical Illness Insurance ensures that your family and your home are protected in the event of illness, accident or death. There are two plans available to people aged 18 to 65 for 10, 15, 20, 25 and 30 year terms, on an Individual and Joint-First-To-Die basis:

MortgageAdvantage Life and Accidental Injury Critical Illness

• Life Insurance with coverage up to $500,000;
• Accidental Injury Critical Illness with coverage up to $250,000 for: Blindness, Deafness, Loss Of Speech, Loss Of Limbs, Paralysis, Coma and Major Burns.

MortgageAdvantage Life & Critical Illness Plus

• Life Insurance with coverage up to $500,000;
• Accidental Injury Critical Illness Insurance covers up to $250,000 (same illnesses as above);
• Critical Illness Insurance with coverage up to $250,000 for Heart Attack, Cancer and Stroke; 
• Level Benefit Rider: Available to ages 18-60; Expires at earlier of age 75 or end of Policy Term; Benefit remains level to expiry of Policy Term; Premiums are Guaranteed Level for duration of Term; 
• Waiver Of Premium On Disability Rider: Available to ages 18-60; Expires the earlier of age 65 or end of Policy Term; No Premium paid if insured is totally disabled ( see Policy Definition); Rates for Males and Females are 10% and 15% of Base Rates, respectively;
• Accidental Death Benefit Rider: Available to ages 18-60; Expires at earlier of age 70 or end of Policy Term; Benefit payable upon accidental death of the insured;
• Fracture/Dislocation Benefit Rider: Available to ages 18-65; Expires at earlier of age 75 or end of Policy Term; See Schedule of Benefits for covered fractures and dislocations; First (not recurring) dislocation paid. 

Here are 9 simple reasons why

1.  Control  You own the policy. Benefits are payable to you or your Beneficiary...NOT the Bank.
2.  Smart  Choose to pay the same annual premiums for a Level Benefit instead of paying the same premiums for a Decreasing Benefit. 
3. Comprehensive Coverage  All key eventualities are covered: Accident, Sickness and Death. 
4. Guaranteed  Premiums are guaranteed to remain level for theTerm of the Policy.
5. Flexibility Convert to Permanent Life Insurance with no medical evidence.
6. Solid  Neither an increase in interest rates upon mortgage renewal, nor a change in lending institutions affect your coverage.
7. Choice Choose your Plan. Choose you Term of coverage. Choose your beneficiary or assign as you require.
8. Comfort Underwriting is completed at time of application, not at time of claim.
9. Versatile Coverage can be used for other needs. Proof of Mortgage NOT necessary.   

Compare - Bencom vs. the Bank