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
CUMIS pays the insured mortgage balance plus accrued interest plus settlement interest up to age 75 to a maximum of $1,000,000 plus any mortgage pre-payment penalty.
CUMIS pays the insured monthly mortgage payments to a maximum of $3,000 per month for 24 months (per claim) up to 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 age 75.
CUMIS pays the insurable balance at date of diagnosis of a critical illness plus accrued interest plus settlement interest and any mortgage pre-payment penalty 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.
If you would like more information on how any of our products can help protect your credit union and your members call our Customer Contact Centre:
Mortgage Protection coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details. Quebec residents, please refer to the Distribution Guide for complete terms and conditions. CUMIS® is a trademark of CUMIS Insurance Society, Inc.