At Invis, "low mortgage rates really are just the beginning". Adding to our already well rounded line of services Invis has developed, along with partner Great-West Life Assurance Company of Canada,the largest group insurer in Canada, an insurance program that is beneficial to you, the consumer. The program is managed by Invis Insurance Services, with the policies underwritten by Great-West Life. The program consists of three creditor protection products – life, critical illness and disability – and are available only through Invis' national team of mortgage consultants.* The products are extremely competitive, both in terms of price and features, as compared to those offered by all others in the lending marketplace. 

Mortgage Life Insurance
Should the unthinkable happen to you or your family, it is a traumatic enough experience to deal with. One of the ways in which to prevent any additional hardship is to ensure that your loved ones can maintain a comparable lifestyle afterwards. Mortgage life insurance can cover you, your partner, a guarantor and anyone party to the loan, so that in the event that something happens, the mortgage is paid off.

Don't be confused by the insurance options that many others may place in front of you ... mortgage insurance is designed specifically to provide you with the peace of mind and financial security you and your loved ones need at the most economical cost for your largest debt. 

Critical Illness
Often, when one is diagnosed with an illness, the financial effects can be more difficult than death. In a time when a family needs to come together and support one another, you do not need to be burdened with a large financial obligation. Critical illness insurance will erase your mortgage loan obligation at the time of diagnosis – e.g. stroke, heart attack or life threatening cancer. The insurance coverage will provide you and your loved ones with a living benefit and also help to maintain your family's lifestyle.

Disability
Disability insurance will provide benefits up to $2,000 for a period of up to 24 months if an injury or accident has occurred that prevents one of the applicants from working. The most common disabilities that are experienced are injuries to the back, mental disease or physical impairment due to accidents.

With Invis' insurance products, you receive a number of benefits that distinguish it from the majority of other products available: 

• Portability – your coverage moves with your mortgage regardless of where you place your mortgage. It also moves to a new home at the balance of coverage currently in effect.
• Multiple life coverage – you have the ability to cover up to 4 individuals on the policy.
• Pre-closing coverage – you can elect to have your coverage be in effect as soon as your insurance application has been accepted, thereby providing you and your family full protection in case an unexpected event occurs prior to the mortgage closing. If you decide that you do not want pre-closing coverage, you are still covered with free accidental death benefits that stay in effect until your mortgage closes (maximum of 2 years). 

Mortgage life insurance is known as "decreasing term" insurance which means that the amount of coverage declines over time (the amortization period of the loan obligation) along with the debt obligation ... however premiums remain constant.

With "level term" insurance your coverage remains at the same amount for the term of the insurance, however your rates will increase every term as you get older.

Mortgage life insurance is designed to meet a single need at a low price – the overall cost is lower than level term over the duration of the mortgage.

Portability allows your insurance to stay in force and your premiums to never change even if you move your mortgage to another lender or another home. 

So if you want insurance that will provide a high level of benefit at a relatively low cost, Michelle and Invis Insurance Services provide your solution.

*Member, Canadian Institute of Mortgage Brokers and Lenders E. & O.E.