MERIX Financial’s Home Secure Plan
When an unexpected health event prevents you from paying your mortgage expenses, MERIX Financial’s Home Secure Plan Mortgage Life and Disability Insurance offers the coverage you need.

Are you prepared for the unexpected?
The Home Secure Plan can help ensure your family is protected from shouldering a financial burden should an unexpected death, accident, or illness affect their ability to cover regular mortgage payments. MERIX Financial’s Home Secure Plan helps take care of the finances so you and your family can focus on recovery.

Disability coverage
If you can’t work due to an illness or injury, disability insurance can step in. With this insurance, you can receive up to $4,000 per month to cover your monthly mortgage principal, interest, and property tax payments. Payments will continue until you are able to return to work – up to 24 months.

Coverage in the event of death
Losing a loved one can be emotionally traumatic for families and challenging financially. Life insurance offers a crucial safety net by paying up to $750,000 of the insured outstanding mortgage balance.

Accidental death coverage
Home Secure Plan has the added benefit of providing you with temporary accidental death coverage. This coverage begins immediately at no cost and ends once you receive the decision made on your life insurance.
Simple, comprehensive coverage
- Coverage for your family. Up to three people can be insured under the same mortgage.
- Prior coverage is recognized. If you reapply for insurance and the application is not approved, the Home Secure Plan will continue on your existing life coverage, as long as you have had mortgage life insurance on a prior mortgage. *.
- Easy approval process. If you answer “NO” to the health questions on the insurance application and your approved mortgage is $500,000 or less, your approval for insurance is automatic. If you answer “YES” to the health questions or your mortgage is above $500,000, your application for insurance will be sent to Canada Life for underwriting.
- Savings on additional future coverage. For Life coverage only, once Canada Life approves you, should you require additional coverage in the future, your initial age at the time you originally applied for Life coverage is used to calculate premiums (based on current rates), saving you money!
- Cancel anytime. Coverage is optional and can be cancelled at any time. For coverage cancelled within the first 30 days, any premiums paid will be refunded.
It’s easy to get the coverage you need
MERIX Financial’s Home Secure Plan offers you and your family the protection you need when it’s needed most.
To learn more about how the MERIX Home Secure Plan can be a smart way to protect your home, call 1-833-631-0091.
MERIX Financial’s Mortgage Life & Disability Insurance products are underwritten by The Canada Life Assurance Company.