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Here’s why this solution is better than mortgage insurance offered by your bank.

  • You choose the beneficiary and they choose how to use the benefit.

  • Coverage stays, no matter where you bank.

  • Fully underwritten at time of application, no surprise at time of claim.

What is Assumption Life’s Better Mortgage Insurance?

Term life Insurance

This component is designed to cover temporary needs such as the repayment of a mortgage should you die.

Disability Insurance

This component provides a monthly benefit to cover part of your income should you become disabled.

Critical Illness Insurance

This component pays a lump sum benefit should you suffer from a critical medical condition.

Get a Better Mortgage Insurance Quote

Tell us about yourself.

DATE OF BIRTH

GENDER

ARE YOU A SMOKER?

In the past twelve (12) months, have you used any substance or product containing tobacco, nicotine, or marijuana mixed with nicotine, or used e-cigarettes?

ELIGIBILITY QUESTIONS

Are you currently working?

Are you currently on a parental leave?

Are you working (or worked prior your parental leave, if applicable) at least twenty (20) hours per week?

Are you working (or worked prior your parental leave, if applicable) at least eight (8) months per year?

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Tell us about the co-applicant.

DATE OF BIRTH

GENDER

ARE YOU A SMOKER?

In the past twelve (12) months, have you used any substance or product containing tobacco, nicotine, or marijuana mixed with nicotine, or used e-cigarettes?

ELIGIBILITY QUESTIONS

Are you currently working?

Are you currently on a parental leave?

Are you working (or worked prior your parental leave, if applicable) at least twenty (20) hours per week?

Are you working (or worked prior your parental leave, if applicable) at least eight (8) months per year?

Tell us about your mortgage.

REMAINING MORTGAGE DURATION (IN YEARS)

Province of residence

REMAINING MORTGAGE AMOUNT

CURRENT MONTHLY MORTGAGE PAYMENT

CALCULATE

Better Mortgage Insurance is built with the combination of FlexTerm (Life insurance), Disability Income based on loans (Disability insurance), and Critical Illness Rider (Critical Illness insurance). All three products are underwritten by Assumption Life, located at 770 Main Street, Moncton, NB E1C 8L1.

This website presents the main features of the insurance products that are part of the Better Mortgage Insurance Solution. Exclusions and limitations apply to all Assumption Life’s products.

For complete details of the products about Beneficiary, Incontestability, Notice and Claims, Appeal and more, please review the terms and conditions in the contract specimen before purchase. The contract specimen of each policy will be available under Product Details and Exclusions.

Right to cancel policy at no charge
You have ten (10) days following receipt of your contract to review it and cancel it without incurring any fees or penalty, provided that Assumption Life receives a written notice to that effect at their Head Office within the timeframe specified.

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Copyright © 2022 - Assumption Mutual Life Insurance Company, doing business under the name Assumption Life. All rights reserved.

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