Mortgage Insurance

When you die, mortgage insurance acts to protect those you love so they won’t be burdened with your mortgage debt.

No delay in death benefit payment

Accumulated value of policy tax free

Better than what you’d get at a bank

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Instant, online, in minutes

SYNCHRONIZED AGENCY

Mortgage Insurance

When you die, mortgage insurance acts to protect those you love
so they won’t be burdened with your mortgage debt.

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Starting from $30/month.

SYNCHRONIZED AGENCY

What is Mortgage Insurance?

Mortgage insurance is a monthly fee paid by mortgage-holders to protect themselves or their families in the event that the mortgage holder is unable to continue paying the mortgage, due to death or unforeseen circumstance. This insurance is often mandatory for new homeowners.

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When is Mortgage Insurance mandatory?

In Canada, Mortgage Insurance covering Life, Disability, and Critical Illness is optional. However, you will find it widely marketed by financial institutions; this coverage is typically underwritten at a claim, names the lender as the beneficiary, and could leave gaps in your protection need; whereas Synchronized Agency’s brokered private policies are fully underwritten at the time of application – providing reliable, comprehensive coverage that wraps your family in financial security.

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What does Mortgage Insurance cover?

Mortgage Insurance protects the lender holding your mortgage, but it can protect you, too. A good protection plan provides coverage for defaulted mortgage payments, so if unforeseen circumstances disable you and your family from completing a monthly mortgage payment, your insurance can cover the cost and keep you protected. Our protection plans will keep you and your family insured simply and affordably, with consistent rates and ease of exit.

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Our Protection Plan offers:

Portability (i.e. if you change mortgage lender for the balance of the initial insurance term, the insurance continues with new mortgage lender)

Premiums that will not increase with your age, as long as your mortgage amount does not increase

Synchronized Agency’s Mortgage Insurance Protection Plan provides simple and affordable mortgage insurance that may help protect your family from the financial burden represented by mortgage payments in the event of a death.

Our Life coverage will pay out the insurance proceeds to cover your financial commitment giving you peace of mind from the worry of potential financial burden to your family.

MORTGAGE INSURANCE

A Mortgage Insurance Policy Protects Your Loved Ones

When you a home with this kind of policy, you will never have to worry about your family facing foreclosure should you suddenly become incapacitated or pass away.

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SYNCHRONIZED AGENCY

Simpler, smarter,
more rewarding
life insurance.

We think life insurance should be more about living. So we’ve reinvented it to help you get on with life.

Do everything online, in no time

Qualified support when you need it

No paperwork, no jargon

Your coverage starts immediately

Insurance, at the best possible price

SUPPORT

Helpful and friendly support each time you need it.

When it comes to insurance, Synchronized Agency is always ready to help. Get qualified assistance through live chat, phone, our Help Centre, or by email.