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Mortgage Life & Disability Insurance

Protection for your home and the ones you love.
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Sometimes life can take an unexpected turn. Whether you’re focused on getting well or providing your family support during a difficult time, MERIX Financial’s Home Secure Plan Mortgage Life and Disability Insurance offers the coverage you need.

Protection you can count on

The Home Secure Plan can help ensure your family doesn’t have to carry the financial burden if an unexpected death, accident, or illness affects their ability to keep up with regular mortgage payments. MERIX Financial’s Home Secure Plan can help take care of the finances so you and your family can focus on recovery.

Disability coverage

If you can’t work due to illness or injury, disability insurance can provide up to $4,000/month to cover your mortgage and property taxes for up to 24 months.

Coverage in the event of death

Losing a loved one is hard. Life insurance helps ease the financial strain by covering up to $750,000 of the remaining mortgage balance.

Accidental death coverage

With this add-on feature, coverage begins immediately at no cost and ends once you receive the decision made on your life insurance.

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Simple, comprehensive coverage

The last thing you need when things are challenging is complicated coverage – that’s why we keep it simple and straightforward.

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Coverage for your family

Up to three people can be insured under the same mortgage.

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Prior coverage recognized

Keep the Home Secure Plan Coverage from your previous mortgage, even if your application is not approved for your new mortgage.*

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Easy approvals

If you answer “No” to the health questions on the insurance application and your mortgage is $500,000 or less, you’re automatically approved.1

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Savings on additional future coverage

If you need additional coverage after being approved, we’ll use the age at the time you originally applied for Life coverage to calculate premiums (based on current rates), saving you money!2

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Flexibility for your needs

Coverage is optional and can be cancelled at any time. For coverage cancelled within the first 30 days, any premiums paid will be refunded.

MERIX Financial’s Mortgage Life & Disability Insurance products are underwritten by The Canada Life Assurance Company.
*Please see terms & conditions for full coverage details.
1Canada Life will provide underwriting for mortgages above $500,000 and applicants who answer ‘Yes’ to any health questions.
2 Applies to Life Coverage only.