Scotia Mortgage Protection Life Insurance
Knowing your mortgage could be paid off should you suddenly pass away can give you and your family financial comfort when you need it most. With Life coverage, the principal and interest remaining on your Scotiabank mortgage can be paid up to a maximum of $500,000 per mortgage (or up to $750,000 for all mortgages combined) so that your loved ones can maintain the home and lifestyle you’ve worked hard to build.
Life premiums are determined by your age and mortgage balance on the date of application. When two borrowers are insured on the same mortgage, discounts are applied to each borrower's premium.
Apply for Life and Critical Illness together and save!
Extend your coverage to include Critical Illnesss coverage. Combining both Life and Critical Illness insurance will extend your coverage and you'll receive a discount on your total premium.