Credit Protection for Mortgages.
Safeguard your family's Mortgage debt.
Protect your family.
Credit Protection for Residential Mortgages not only safeguards your family's mortgage debt, but also protects them from having to change the way they live at a time when they need comfort and stability.
Give Yourself Peace of Mind.
Give yourself and your family the financial comfort and peace of mind of a paid-off home with Credit Protection for Residential Mortgages. With Credit Protection, the principal and interest remaining on your Mortgage will be paid off, up to the policy maximum so your loved ones aren't burdened by Mortgage payments and can maintain the lifestyle they have now.
Credit Life Protection can pay off your outstanding Mortgage loan account balance up to the policy maximum if you die. Rest assured that your family will be protected no matter what happens.
Health Crisis Protection can pay off your outstanding Mortgage account loan balance up to the policy maximum if you are diagnosed with a heart attack, stroke, cancer, suffer the loss of limbs or sight in both eyes due to an accident or illness or become permanently disabled.
Fees and Terms of Credit Protection
Premiums based on your age and Mortgage loan account balance on date of application
The younger you are the less you pay.
A note from the insurers:
In this section, we have attempted to explain clearly and briefly the coverage available under this plan. Coverage is subject to policy maximums, specific limitations and exclusions, including age restrictions, and pre-existing conditions as described in the Enrolment Form and the Certificate of Insurance, which you will receive upon purchase.
Insurance is underwritten by Scotia Insurance Caribbean Limited, which is a wholly-owned subsidiary of GraceKennedy Financial Group Limited (“GraceKennedy Financial”), and offered through Scotia Insurance Agency Limited, a licensed insurance agent of SICL.