Mortgage payment protection insurance is like a safety net for homeowners, giving you extra protection for unforeseen circumstances. There are different types of mortgage payment protection insurance available, each serving a unique purpose, like covering your loan payments if an unforeseen event like an illness or job loss prevents you from being able to make your payments. All are optional; however, each can offer valuable benefits. Explore the different options we provide below.

Types of mortgage insurance offered at Conexus via CUMIS

Life Insurance

What is it?

  • This type of insurance would help pay off your home loan if you’re not around anymore, making sure your family can keep the house.

Why would you get it?

  • Gives you and your family peace of mind knowing that if something were to happen to you, the mortgage would be paid off.

Critical Illness Insurance

What is it?

  • If you get diagnosed with one of the critical illnesses that CUMIS recognizes and have full coverage, the outstanding balance of your mortgage will be paid in full.

Why would you get it?

  • Having critical illness coverage allows you to focus on recovering from a serious illness without having to stress about how you will make your mortgage payments.

Disability Insurance

What is it?

  • This insurance acts as a shield, helping to cover your mortgage payments if illness or disability prevents you from working.

Why would you get it?

  • It acts as a safety net, ensuring your mortgage remains manageable during periods of health-related income loss.

Loss of Employment Insurance

What is it?

  • If you unexpectedly lose your job, this insurance steps in as a financial support system, helping you cover your mortgage payments during unemployment.

Why would you get it?

  • If you get laid off or let go unexpectedly, this insurance gives you peace of mind that you can continue paying your mortgage.

Some terms and conditions apply for all insurance. To learn more and see what options may be available to you, talk to your Conexus Mobile Mortgage Specialist or Financial advisor.

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This information is provided as a general source of information and should not be considered personal advice or a solicitation to buy or sell any mortgage payment insurance solutions. It’s best to speak to a financial advisor or Mobile Mortgage Specialist to understand all your options and determine what’s best for you.