Your home is a big financial responsibility, but it is by far not the only one. Insurance from your lender only protects them and gives you no choice over how your coverage works for you. Industrial Alliance offers you Mortgage Life Insurance that is tailored to your specific needs and budget.
You choose who your beneficiary is and they are free to use the benefit however they see fit, including covering your mortgage. Don't be tied down using a restrictive and costly lender policy, get coverage that works for you with a Term Life Plan from Industrial Alliance.
20-year term coverage;
Option to combine your term protection with permanent life insurance;
This plan also provides premiums that will never increase and the option for contract renewal.
Coverage options of 10 or 20-year terms;
Available to people ages 0 to 70;
Coverage ranges from $10,000 to $10,000,000;
Premiums will never increase;
This plan also gives you the opportunity to convert your insurance into permanent life insurance without undergoing a medical exam.
Choice of terms from 10 to 40-years with premiums that will never increase for the length of the chosen term;
Available for people ages 0 – 80 for decreasing term and 18 – 80 for level term;
Coverage ranges from $20,000 to $10,000,000;
Options for both renewal and conversion are available without a medical exam.