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Mortgage Protection
Your home is a place where memories are created; it is a place to watch children grow, to celebrate life and a place to support each other during times of sorrow.
What would you do if you had to sell your home due to a family tragedy such as a job loss, critical illness, total disability or death?
The good news is that even though unexpected tragedies do happen, you can protect yourself and your loved ones from financial heartaches.
CUMIS provides mortgage protection in case of the diagnosis of a critical illness, total disability, involuntary loss of employment and death. Life is too short to worry, learn about how this comprehensive coverage can provide peace of mind today.
Life
CUMIS pays the insured mortgage balance plus accrued interest plus settlement interest up to age 75 to a maximum of $1,000,000.
Disability
CUMIS pays the insured monthly mortgage payments to a maximum of $3,000 per month for 24 months (per claim) up to and including age 75.
Involuntary Loss of Employment
CUMIS pays the insured monthly mortgage payments to a maximum of $3,000 per month for nine months (per claim) up to and including age 75.
Critical Illness
CUMIS pays the insurable balance at date of diagnosis of a critical illness plus accrued interest plus settlement interest for cancer, stroke or heart attack*. Maximum coverage is $1,000,000 and coverage ceases at age 75.
* See policy for full coverage details, including restrictions.
Interested?
To add this coverage to your existing mortgage, talk to your credit union or call our Customer Contact Centre.
Call: 1-800-263-9120, Monday to Friday, 8 a.m. to 8 p.m. Eastern Time
E-mail: customer.service@cumis.com
Have a claim?
At CUMIS, we work to make sure you have the best claims experience. To ensure that your claim is paid promptly, please visit our claims section and follow the process for your claim.
If your claim is for life insurance or critical illness, please contact the credit union through which the insurance was purchased.
For all other claims (disability and loss of employment) see the claims section for detailed instructions or contact CUMIS at 1-800-263-9120.
Please click here for claims forms you can download and print.
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