Credit Protection for Residential Mortgages
Right for you if:
You want credit protection for your residential mortgage
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 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 up to the policy maximum1 so your loved ones aren't burdened by mortgage payments and can maintain the lifestyle they have now.
With Life Protection, your outstanding loan balance will be paid up to the policy maximum1 should you pass away. Rest assured that your family will be protected no matter what happens.
With Health Crisis Protection, your outstanding loan balance will be paid up to the policy maximum1 if you are diagnosed with a heart attack, stroke, cancer, or suffer the loss of limbs or sight in both eyes due to an accident or illness.
Premiums are determined by your age and mortgage balance on the date of application. The younger you are, the less you pay.
Combine Health Crisis Protection with Credit Life Protection and you’ll enjoy comprehensive coverage plus a 20% discount on your premiums. If your co-borrower also applies for coverage, you’ll enjoy even greater savings.
1 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 a pre-existing condition as described in the Enrolment Form and the Certificate of Insurance, which you will receive upon purchase.
Insurance is underwritten by Scotia Insurance Eastern Caribbean Limited.
Fees and Terms
Premiums based on your
age and balance on date of application
The younger you are,
the less you pay
discount on premiums when you bundle Health Crisis Protection and Credit Protection