Protect that paycheck! Simplinsur has a comprehensive line of living benefit products to ensure you have one less thing to worry about if you are unable to work due to injury.
If you are employed and worked at least 20 hours per week for at least 40 weeks in the 12 months before you become disabled, totally disabled means you can’t perform the essential duties of your job.
If you are seasonally employed, you need to work at least 20 hours per week for 13 consecutive weeks in that period.
This coverage is available for all residential mortgages.
Pays up to $10,000 a month for up to 24 months. (100% coverage for each applicant)
Mortgage Disability Insurance may be purchased without Mortgage Life Insurance.
Free accidental death coverage from time of accepting coverage until application is approved.
If “No” was answered to the applicable health questions on the application and the mortgage is $400,000 or less it is automatically approved. In all other cases the application will be further underwritten by Manulife before the application is approved.
Insurance may be cancelled within 60 days of the effective insurance coverage date. Upon receipt of a written cancellation request a full refund of any paid premium and coverage will be cancelled.
Coverage for the insured mortgage can be moved from lender to lender and property to property, subject to provisions in the certificate of insurance.
Premium payments can be set to synchronize with the mortgage payment frequency.
