When you buy a home, you want security to go with it. Mortgage Life Insurance 1 can help protect what’s likely one of your family’s most important assets by paying off or reducing your mortgage loan in the event of your death. Mortgage Life Insurance is underwritten by The canada life assurance company (Canada Life). Purchase of this insurance is optional and is not required to obtain any CIBC product or service.

We all work very hard to secure a bright future and afford a lifestyle that we can enjoy. As we keep working towards our financial goals, we must not forget to protect what we have already achieved. We advise that you consider purchasing an insurance policy or the Group Mortgage Reducing Term loan to ensure that you and your property are protected.

If you are the sole borrower, and you have an outstanding home loan, then your family has two options. The first option is to pay off the outstanding mortgage (and we mean immediately), and keep the house. If you have Mortgage Reducing Term Assurance (MRTA), then the MRTA will pay out the sum of the oustanding home loan; so please buy it.

Terms and conditions. 1 disability insurance for CIBC Mortgage Loans is optional creditor’s group insurance underwritten by The Canada Life Assurance Company (Canada Life) and administered by Canada Life and CIBC. CIBC receives fees from Canada Life for providing services to Canada Life regarding this insurance.

Which are the payment terms available for paying premium under ICICI Pru iProtect Smart? We have 2 options available with us: – Regular Pay which is equal to your policy term – limited pay 1 pay, 5 pay, 7 pay or 10 pay with a longer policy term (like age till 75, 85 or 99).

June 2019 Talking Real Estate eNewsletter Let's talk real estate investments and network! – 26 June 2019 – If you have a potential investment deals or other available real estate you want to talk about, please do so. A speaker will try to get scheduled. If anyone wants to volunteer to do a presentation please let us know. There will be lots of opportunity to network. If you are not directly in the real estate business, come anyway.

MRTA mortgage life insurance covers 70 percent or more of the loan amount for the full loan term, or MRTA mortgage life insurance covers the full amount of the loan for at least 70 percent of the loan term.

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