Mortgage Insurance:::Gold Coin Group

Our Mortgage Insurance is a flexible alternative to the Mortgage Insurance typically offered through the banks and other lenders.

Here are some of the advantages our plan offers:
Portable: No need to re-apply for coverage if you move or re-finance
Flexible : You choose the coverage amount and your beneficiary
Guaranteed Renewable * : You are protected for as long as you wish, up to the age of 80

How can Mortgage Insurance meet my needs

Mortgage Insurance offers low rates for 10- and 20- year coverage and is fully renewable, meaning that we guarantee you can extend your policy when the term ends, up to the age of 80. Unlike mortgage insurance through a bank, the plan is not tied to your mortgage - if you decide to pay off your mortgage you can keep this affordable life insurance coverage intact.

Mortgage Insurance premiums are based on your age, sex and smoking status. Flexible payment choices and other options help to ensure that mortgage insurance will contunue to meet your changing needs.

Mortgage Insurance comparison chart

	through Gold Coin	Bank distributed plans
Type of coverage	Level coverage. Only decrease if you say so	Decreasing
Amount of coverage	18-50: $50,000-250,000	Coverage decrease as your mortgage is paid off but premiums stay the same.
	51-60: $50,000-150,000
	61-65:$50,000-100,000
	Higher amounts available subject to medical evidence
Term	10- or 20-year renewable term guaranteed to age 80 with the option of converting to eligible permanent insurance up to age 71	Insurance coverage ends with your mortgage
Beneficiary	Anyone you choose	Your bank
How benefit is used	Your beneficiaries decide how to use the funds What's more, the insurance proceeds bypass probate', are payable as a tax free1 benefit to your beneficiary and may be protected from creditors2	Paid directly to the bank
Other uses for your policy	You can use the same policy to cover your general life insurance needs like paying off outstanding debts	You can only cover the mortgage
Premium payments	Payable monthly, quarterly or annually	Added to your mortgage payment
Premium discounts	Premium is affected by gender and smoking status as well as age	Premiums usually the same for all clients of the same age
Portability	Your insurance stays with you no matter where you live or where you get financing	Your insurance can be cancelled if you move or even if you refinance
PST	None	Payable in Ontario and Quebec
Professional advice	Personalized advice from a licensed life insurance advisor to address your financial security needs	Typically advice is limited to the mortgage insurance product only

Does your current mortgage insurance offer you such regular coverages as?

Protection in case of death?(life insurance)

Protection in case of disability?

Protection in case of critical illness?

Does your current insurance offer you the following advantages?

No increase in your premium?

Possibility to designate the beneficiary of your choice?

Possibility to use the insurance proceeds (following a death) as you wish?

Does your disability coverage offer you?

The payment of your benefits regardless of the duration of your disability?

The full payment of your monthly mortgage instalment?

An insurance premium that does not increase with the interest rates?

Subject to policy provisions

To learn more about our Mortgage Insurance please call us at: 416-283-8899 and one of our courteous, knowledgeable representative will be happy to answer all your questions.