{"id":15605,"date":"2014-09-04T01:05:11","date_gmt":"2014-09-04T05:05:11","guid":{"rendered":"https:\/\/www.assur360.ca\/mortgage-insurance-3\/"},"modified":"2026-04-20T15:17:54","modified_gmt":"2026-04-20T19:17:54","slug":"mortgage-insurance-3","status":"publish","type":"page","link":"https:\/\/www.assur360.ca\/en\/mortgage-insurance-3\/","title":{"rendered":"Mortgage vs. Life Insurance: Compare in Quebec 2026"},"content":{"rendered":"\n<style>#ez-toc-container{display:none!important}<\/style>\n\n<script type=\"application\/ld+json\">{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"InsuranceAgency\",\n  \"name\": \"Assur360\",\n  \"url\": \"https:\/\/www.assur360.ca\/assurance-hypothecaire\/\",\n  \"logo\": \"https:\/\/www.assur360.ca\/wp-content\/uploads\/2023\/11\/assur360-logo.png\",\n  \"telephone\": \"+1-866-357-4451\",\n  \"address\": {\n    \"@type\": \"PostalAddress\",\n    \"streetAddress\": \"221 boul. Frontenac Ouest\",\n    \"addressLocality\": \"Thetford Mines\",\n    \"addressRegion\": \"QC\",\n    \"postalCode\": \"G6G 1N3\",\n    \"addressCountry\": \"CA\"\n  },\n  \"areaServed\": \"Qu\u00e9bec\",\n  \"serviceType\": [\"Assurance hypoth\u00e9caire individuelle\", \"Assurance vie hypoth\u00e9caire\", \"Assurance invalidit\u00e9 hypoth\u00e8que\"],\n  \"hasCredential\": \"Certifi\u00e9 AMF (Autorit\u00e9 des march\u00e9s financiers)\"\n}\n<\/script>\n\n<p style=\"font-size:17px;line-height:1.8;color:#334155;\">Your bank offers you its <strong>mortgage loan insurance<\/strong> at signing, but did you know that <strong>individual life insurance<\/strong> compared by an AMF broker is almost always more advantageous? Guaranteed capital, beneficiaries of your choice, fixed premium, portable from one institution to another. <strong>Assur360<\/strong> compares over 9 insurers to protect your biggest investment \u2014 free quote in 3 minutes. <\/p>\n\n<div style=\"display:flex;align-items:center;gap:40px;margin:40px 0 56px;background:linear-gradient(145deg,#f8fafc,#f0f9ff);border-radius:20px;padding:40px;border:1px solid #e2e8f0;flex-wrap:wrap;\">\n  <img decoding=\"async\" src=\"https:\/\/spcdn.shortpixel.ai\/spio\/ret_img,q_cdnize,to_auto,s_webp:avif\/www.assur360.ca\/wp-content\/uploads\/2026\/04\/assurance-vie-hypothecaire-famille.jpg\" alt=\"Protected family \u2014 Assur360 mortgage insurance\" style=\"width:45%;max-width:420px;border-radius:16px;flex-shrink:0;height:auto;\" loading=\"lazy\"\/>\n  <div style=\"flex:1;min-width:280px;\">\n    <p style=\"color:#10c4c7;font-size:13px;font-weight:700;letter-spacing:2px;text-transform:uppercase;margin:0 0 12px;\">IN BRIEF<\/p>\n    <h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;font-size:26px;font-weight:800;margin:0 0 16px;line-height:1.3;font-family:'Sora',sans-serif;\"><span class=\"ez-toc-section\" id=\"Independent-mortgage-life-insurance\"><\/span>Independent mortgage life insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n    <p style=\"color:#475569;font-size:16px;line-height:1.7;margin:0 0 12px;\"><strong>Mortgage insurance offered by your lender<\/strong> (bank, credit union) protects the bank, not you. The sum insured decreases with the balance, but the premium remains fixed \u2014 you pay more over the years for less coverage. <\/p>\n    <p style=\"color:#475569;font-size:15px;line-height:1.7;margin:0;\"><strong>Solution:<\/strong> <strong>Independent term life insurance (T10\/T20)<\/strong> with equivalent coverage typically costs <strong>2 to 3 times less<\/strong> and benefits your loved ones (not the bank). You stay in control. <\/p>\n  <\/div>\n<\/div>\n\n<div style=\"background:linear-gradient(135deg,#0d1f2d,#1a3a4a);border-radius:16px;padding:40px;text-align:center;margin:40px 0;\">\n  <p style=\"color:#94a3b8;font-size:14px;text-transform:uppercase;letter-spacing:2px;margin:0 0 12px;\">MORTGAGE INSURANCE<\/p>\n  <h2 style=\"color:#ffffff;font-size:28px;margin:0 0 16px;\"><span class=\"ez-toc-section\" id=\"Save-30-50-vs-your-banks-insurance\"><\/span>Save 30-50% vs. your bank&#8217;s insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p style=\"color:#94a3b8;margin:0 0 28px;\">Fixed capital guaranteed, free beneficiaries, portable. Compare before signing at the bank. <\/p>\n  <a href=\"https:\/\/www.assur360.ca\/en\/quick-home-quote\/\" style=\"background:#10c4c7;color:#0d1f2d;padding:16px 36px;border-radius:8px;font-weight:700;text-decoration:none;font-size:16px;display:inline-block;\">Get my free quote<\/a>\n<\/div>\n\n<div style=\"display:grid;grid-template-columns:repeat(4,1fr);gap:0;margin:0 0 40px;border-radius:12px;overflow:hidden;border:1px solid #e2e8f0;\">\n  <div style=\"background:#f8fafc;padding:24px;text-align:center;border-right:1px solid #e2e8f0;\">\n    <div style=\"color:#10c4c7;font-size:32px;font-weight:800;margin-bottom:4px;\">9+<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">Insurers Compared<\/div>\n  <\/div>\n  <div style=\"background:#f8fafc;padding:24px;text-align:center;border-right:1px solid #e2e8f0;\">\n    <div style=\"color:#10c4c7;font-size:32px;font-weight:800;margin-bottom:4px;\">-40 %<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">Average Economy vs. Bank<\/div>\n  <\/div>\n  <div style=\"background:#f8fafc;padding:24px;text-align:center;border-right:1px solid #e2e8f0;\">\n    <div style=\"color:#10c4c7;font-size:32px;font-weight:800;margin-bottom:4px;\">3 min<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">To get a price<\/div>\n  <\/div>\n  <div style=\"background:#f8fafc;padding:24px;text-align:center;\">\n    <div style=\"color:#10c4c7;font-size:32px;font-weight:800;margin-bottom:4px;\">100 %<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">Free and without obligation<\/div>\n  <\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Individual-Life-Insurance-vs-Bank-Mortgage-Insurance\"><\/span>Individual Life Insurance vs. Bank Mortgage Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p style=\"font-size:17px;line-height:1.8;color:#334155;\">When financing a home or commercial property, your financial institution always offers <strong>loan insurance<\/strong>. Convenient to sign, but at a disadvantage on almost all levels compared to <strong>individual life insurance<\/strong> taken out through an independent broker. <\/p>\n\n<div style=\"overflow-x:auto;margin:32px 0;\">\n  <table style=\"width:100%;border-collapse:collapse;font-size:14px;\">\n    <thead>\n      <tr style=\"background:#0d1f2d;color:#ffffff;\">\n        <th style=\"padding:14px 16px;text-align:left;border:none;\">Criterion<\/th>\n        <th style=\"padding:14px 16px;text-align:left;border:none;\">Bank (mortgage)<\/th>\n        <th style=\"padding:14px 16px;text-align:left;border:none;\">Assur360 (Sole Proprietorship)<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Principal Amount<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2717 Decreases with balance<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2713 Fixed, 100% Remains<\/td>\n      <\/tr>\n      <tr style=\"background:#ffffff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Beneficiary<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2717 The bank<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2713 Spouse, children, whoever you want<\/td>\n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Prime<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2717 Can increase<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2713 Fixed for 10, 20 or 30 years<\/td>\n      <\/tr>\n      <tr style=\"background:#ffffff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Refinancing \/ changing banks<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2717 Resubscribe, medical<\/td>\n rework<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2713 Portable, Follows Owner<\/td>                \n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Medical<\/td>\n Selection<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2717 When making a complaint (risk of refusal)<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2713 At the time of subscription (firm commitment)<\/td>                \n      <\/tr>\n      <tr style=\"background:#ffffff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Average price (40 years, $300,000)<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;font-weight:700;\">~$55\/month<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">~$32\/month<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n<p style=\"color:#64748b;font-size:13px;font-style:italic;text-align:center;\">*Indicative comparison 2026. <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\">Get your exact price<\/a>.<\/p>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The-3-protections-around-your-mortgage\"><\/span>The 3 protections around your mortgage<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p style=\"font-size:17px;line-height:1.8;color:#334155;\">Comprehensive mortgage protection covers three scenarios: death, critical illness, disability. An independent broker combines these guarantees according to your budget and your family situation. <\/p>\n\n<div style=\"display:grid;grid-template-columns:repeat(3,1fr);gap:24px;margin:32px 0;\">\n  <div style=\"background:#f8fafc;border:1px solid #e2e8f0;border-top:4px solid #10c4c7;border-radius:12px;padding:28px;\">\n    <div style=\"font-size:32px;margin-bottom:16px;\">\ud83d\udee1\ufe0f<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Life insurance<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">Pays off the mortgage balance in the event of death. <a href=\"https:\/\/www.assur360.ca\/en\/life-insurance-compare-online\/\" style=\"color:#10c4c7;\">T20 life insurance<\/a> is ideal for a 25-year mortgage. <\/p>\n  <\/div>\n  <div style=\"background:#f8fafc;border:1px solid #e2e8f0;border-top:4px solid #10c4c7;border-radius:12px;padding:28px;\">\n    <div style=\"font-size:32px;margin-bottom:16px;\">\ud83c\udfe5<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Critical Illnesses<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">Lump sum to pay off the mortgage in the event of cancer, stroke or other serious diagnosis. See <a href=\"https:\/\/www.assur360.ca\/en\/critical-illness-insurance-4\/\" style=\"color:#10c4c7;\">critical illness insurance<\/a>. <\/p>\n  <\/div>\n  <div style=\"background:#f8fafc;border:1px solid #e2e8f0;border-top:4px solid #10c4c7;border-radius:12px;padding:28px;\">\n    <div style=\"font-size:32px;margin-bottom:16px;\">\ud83d\udcbc<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Salary insurance<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">Monthly income to continue paying the mortgage if you become disabled for a long time. See <a href=\"https:\/\/www.assur360.ca\/en\/salary-insurance-3\/\" style=\"color:#10c4c7;\">disability insurance<\/a>. <\/p>\n  <\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-to-get-your-mortgage-insurance-quote\"><\/span>How to get your mortgage insurance quote<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<div style=\"display:flex;flex-direction:column;gap:20px;margin:32px 0;\">\n  <div style=\"display:flex;gap:20px;align-items:flex-start;\">\n    <div style=\"background:#10c4c7;color:#0d1f2d;width:36px;height:36px;border-radius:50%;display:flex;align-items:center;justify-content:center;font-weight:700;font-size:16px;flex-shrink:0;min-width:36px;\">1<\/div>\n    <div><h3 style=\"color:#0d1f2d;margin:0 0 8px;\">Enter the mortgage amount<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">Balance or amount of financing, amortization, age and smoking status.<\/p><\/div>\n  <\/div>\n  <div style=\"display:flex;gap:20px;align-items:flex-start;\">\n    <div style=\"background:#10c4c7;color:#0d1f2d;width:36px;height:36px;border-radius:50%;display:flex;align-items:center;justify-content:center;font-weight:700;font-size:16px;flex-shrink:0;min-width:36px;\">2<\/div>\n    <div><h3 style=\"color:#0d1f2d;margin:0 0 8px;\">The broker shops 9+ insurers<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">It calibrates the capital over the amortization period (T20 or T25) and offers a combination according to your budget.<\/p><\/div>\n  <\/div>\n  <div style=\"display:flex;gap:20px;align-items:flex-start;\">\n    <div style=\"background:#10c4c7;color:#0d1f2d;width:36px;height:36px;border-radius:50%;display:flex;align-items:center;justify-content:center;font-weight:700;font-size:16px;flex-shrink:0;min-width:36px;\">3<\/div>\n    <div><h3 style=\"color:#0d1f2d;margin:0 0 8px;\">Comparison vs banking offer<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">The broker places the bank premium and his best offer side by side \u2014 often a saving of 30 to 50%.<\/p><\/div>\n  <\/div>\n  <div style=\"display:flex;gap:20px;align-items:flex-start;\">\n    <div style=\"background:#10c4c7;color:#0d1f2d;width:36px;height:36px;border-radius:50%;display:flex;align-items:center;justify-content:center;font-weight:700;font-size:16px;flex-shrink:0;min-width:36px;\">4<\/div>\n    <div><h3 style=\"color:#0d1f2d;margin:0 0 8px;\">Enforcement before signing at the notary<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">Simplified medical questionnaire, electronic signature, active policy as soon as you take possession of the house.<\/p><\/div>\n  <\/div>\n<\/div>\n\n<div style=\"background:linear-gradient(135deg,#0d2d2d,#0a2a2a);border:2px solid #10c4c7;border-radius:12px;padding:24px;margin:32px 0;display:flex;gap:16px;align-items:flex-start;\">\n  <div style=\"font-size:28px;flex-shrink:0;\">\ud83d\udca1<\/div>\n  <div>\n    <p style=\"color:#10c4c7;font-weight:700;font-size:16px;margin:0 0 8px;\">Broker&#8217;s advice: refuse the bank&#8217;s insurance at signing<\/p>\n    <p style=\"color:#94a3b8;font-size:14px;margin:0;line-height:1.6;\"><strong style=\"color:#ffffff;\">You are NOT obliged to accept<\/strong> the insurance offered by your bank or credit union to obtain your loan. According to the AMF, this is a <strong style=\"color:#ffffff;\">free choice<\/strong>. Check &#8220;no&#8221; on the form and shop for your own policy: you&#8217;ll save thousands of dollars over the life of the amortization.  <\/p>\n  <\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2026-Mortgage-Life-Insurance-Rates-in-Quebec\"><\/span>2026 Mortgage Life Insurance Rates in Quebec<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p style=\"font-size:17px;line-height:1.8;color:#334155;\">Indicative monthly premiums for a <strong>T20 life policy<\/strong>, principal $300,000, non-smoker. This is what you have to compare with your bank&#8217;s offer. <\/p>\n\n<div style=\"overflow-x:auto;margin:32px 0;\">\n  <table style=\"width:100%;border-collapse:collapse;font-size:14px;\">\n    <thead>\n      <tr style=\"background:#0d1f2d;color:#ffffff;\">\n        <th style=\"padding:14px 16px;text-align:left;border:none;\">Age<\/th>\n<th style=\"padding:14px 16px;text-align:left;border:none;\">Non-smoking<\/th>\n woman<th style=\"padding:14px 16px;text-align:left;border:none;\">Non-smoking<\/th>\n male<th style=\"padding:14px 16px;text-align:left;border:none;\">Bank equivalent<\/th>                        \n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">30 years<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">$14\/month<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">$17\/month<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">$30-40\/month<\/td>\n      <\/tr>\n      <tr style=\"background:#ffffff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">40 years<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">$22\/month<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">$32\/month<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">$55-70\/month<\/td>\n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">50 years<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">$52\/month<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">$78\/month<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">$110-140\/month<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n<p style=\"color:#64748b;font-size:13px;font-style:italic;text-align:center;\">*2026 indicative rates \u2014 $300,000 T20 mortgage. <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\">Your exact price in 3 min<\/a>.<\/p>\n\n<div style=\"background:linear-gradient(135deg,#0d1f2d,#1a3a4a);border-radius:16px;padding:40px;text-align:center;margin:40px 0;\">\n  <p style=\"color:#94a3b8;font-size:14px;text-transform:uppercase;letter-spacing:2px;margin:0 0 12px;\">BEFORE SIGNING AT THE NOTARY<\/p>\n  <h3 style=\"color:#ffffff;font-size:28px;margin:0 0 16px;\">Compare 9+ insurers in 3 minutes<\/h3>\n  <p style=\"color:#94a3b8;margin:0 0 28px;\">Protection is often 40% cheaper than that of the bank, with more guarantees.<\/p>\n  <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\" style=\"background:#10c4c7;color:#0d1f2d;padding:16px 36px;border-radius:8px;font-weight:700;text-decoration:none;font-size:16px;display:inline-block;\">Get My Quote<\/a>\n<\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mortgage-insurance-service-throughout-Quebec\"><\/span>Mortgage insurance service throughout Quebec<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p style=\"font-size:17px;line-height:1.8;color:#334155;\">Whether you are buying in <strong>Montreal<\/strong>, <strong>Quebec City<\/strong>, <strong>Sherbrooke<\/strong>, <strong>Gatineau<\/strong>, <strong>Laval<\/strong>, <strong>Trois-Rivi\u00e8res<\/strong>, <strong>Saguenay<\/strong> or <strong>Thetford Mines<\/strong>, our AMF brokers intervene quickly to ensure that your policy is in force <strong>before the notary signature<\/strong>. Telephone or video consultation, 100% electronic signature. <\/p>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related-articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<div style=\"display:grid;grid-template-columns:repeat(2,1fr);gap:20px;margin:32px 0;\">\n  <a href=\"https:\/\/www.assur360.ca\/en\/life-insurance-compare-online\/\" style=\"background:#f8fafc;border:1px solid #e2e8f0;border-radius:12px;padding:24px;text-decoration:none;display:block;\">\n    <h3 style=\"color:#0d1f2d;font-size:16px;margin:0 0 8px;\">\ud83d\udee1\ufe0f Life insurance<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">T20, T30, permanent, universal \u2014 the best alternative to bank insurance.<\/p>\n  <\/a>\n  <a href=\"https:\/\/www.assur360.ca\/en\/critical-illness-insurance-4\/\" style=\"background:#f8fafc;border:1px solid #e2e8f0;border-radius:12px;padding:24px;text-decoration:none;display:block;\">\n    <h3 style=\"color:#0d1f2d;font-size:16px;margin:0 0 8px;\">\ud83c\udfe5 Critical illness insurance<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">Capital to pay off the mortgage in the event of cancer or stroke.<\/p>\n  <\/a>\n  <a href=\"https:\/\/www.assur360.ca\/en\/salary-insurance-3\/\" style=\"background:#f8fafc;border:1px solid #e2e8f0;border-radius:12px;padding:24px;text-decoration:none;display:block;\">\n    <h3 style=\"color:#0d1f2d;font-size:16px;margin:0 0 8px;\">\ud83d\udcbc Salary insurance<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">Protects your mortgage payments in the event of a prolonged disability.<\/p>\n  <\/a>\n  <a href=\"https:\/\/www.assur360.ca\/en\/home-insurance-3-minute-quote\/\" style=\"background:#f8fafc;border:1px solid #e2e8f0;border-radius:12px;padding:24px;text-decoration:none;display:block;\">\n    <h3 style=\"color:#0d1f2d;font-size:16px;margin:0 0 8px;\">\ud83c\udfe0 Home insurance<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">Protect the building and your belongings. Mandatory for most mortgages. <\/p>\n  <\/a>\n<\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently-asked-questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<div style=\"margin:32px 0;\">\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">Is my bank&#8217;s insurance mandatory to get my loan?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">No. According to the Autorit\u00e9 des march\u00e9s financiers (AMF), you have <strong>the right to refuse<\/strong> the insurance offered by your lender. No creditor can make the granting of a loan conditional on the purchase of his insurance. You can purchase an equivalent or better policy elsewhere.  <\/div>\n  <\/details>\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">Why does the bank make the medical selection for the claim?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">With bank mortgage insurance, <strong>the medical check is done at the time of death or disability<\/strong>, not at the time of purchase. As a result, if a pre-existing condition is discovered, the bank may refuse to pay \u2014 even after years of premiums. An individual policy evaluates the file <strong>at the time of subscription<\/strong>, guaranteeing payment.  <\/div>\n  <\/details>\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">Can I cancel bank insurance if I already have one?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">Yes, at all times. You can <strong>cancel the bank loan insurance<\/strong> in writing and replace it with an individual policy. First, check that your new policy is in effect before canceling.  <\/div>\n  <\/details>\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">What happens if I change banks at renewal?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">With bank insurance, you lose your protection and have to <strong>resubscribe<\/strong> with the new lender (new medical questionnaire, new rate according to current age). With an individual policy, the coverage <strong>remains the same<\/strong> no matter where your mortgage is. <\/div>\n  <\/details>\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">What capital should you choose for a $300,000 mortgage?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">We recommend a principal amount <strong>equal to or greater than the mortgage balance<\/strong>, with a term corresponding to the amortization (often T20 or T25). Better yet: add 10 to 15% to cover funeral expenses and any inheritance tax. <\/div>\n  <\/details>\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">Am I covered if I refinance my home?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">With an <strong>individual life policy<\/strong>, yes: it covers the sum insured regardless of the underlying debt, even if refinanced or renewed. With bank insurance, a refinancing may require a new selection. <\/div>\n  <\/details>\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">Is mortgage insurance the same as CMHC insurance?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">No. <strong>CMHC (Canada Mortgage and Housing Corporation)<\/strong> insurance is mandatory for down payments of less than 20%: it protects <strong>the lender<\/strong> against your default. The insurance we are talking about here protects <strong>your family<\/strong> in the event of death or disability. The two are distinct.  <\/div>\n  <\/details>\n  <details style=\"border:1px solid #e2e8f0;border-radius:8px;padding:0;margin-bottom:12px;overflow:hidden;\">\n    <summary style=\"padding:18px 20px;cursor:pointer;font-weight:600;color:#0d1f2d;list-style:none;background:#f8fafc;\">How long does it take to put the policy into effect before signing?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">Allow <strong>3 to 10 working days<\/strong> for a simple policy with a simplified medical questionnaire. For higher capital or a paramedical examination, allow 2 to 4 weeks. We recommend that you request your quote <strong>as soon as your promise to purchase is accepted<\/strong>.  <\/div>\n  <\/details>\n<\/div>\n\n<script type=\"application\/ld+json\">{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\"@type\":\"Question\",\"name\":\"L'assurance de ma banque est-elle obligatoire pour obtenir mon pr\u00eat ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Non. Selon l'AMF, vous avez le droit de refuser l'assurance propos\u00e9e par votre pr\u00eateur. Aucun cr\u00e9ancier ne peut conditionner l'octroi d'un pr\u00eat \u00e0 l'achat de son assurance.\"}},\n    {\"@type\":\"Question\",\"name\":\"Pourquoi la banque fait-elle la s\u00e9lection m\u00e9dicale \u00e0 la r\u00e9clamation ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Avec l'assurance pr\u00eat bancaire, la v\u00e9rification m\u00e9dicale se fait au d\u00e9c\u00e8s ou \u00e0 l'invalidit\u00e9. Une condition pr\u00e9existante peut entra\u00eener un refus. Une police individuelle \u00e9value le dossier \u00e0 la souscription.\"}},\n    {\"@type\":\"Question\",\"name\":\"Puis-je annuler l'assurance bancaire si j'en ai d\u00e9j\u00e0 une ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Oui, en tout temps. Vous pouvez r\u00e9silier l'assurance pr\u00eat bancaire par \u00e9crit et la remplacer par une police individuelle.\"}},\n    {\"@type\":\"Question\",\"name\":\"Que se passe-t-il si je change de banque au renouvellement ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Avec l'assurance bancaire, vous perdez votre protection. Avec une police individuelle, la protection reste la m\u00eame peu importe o\u00f9 est votre hypoth\u00e8que.\"}},\n    {\"@type\":\"Question\",\"name\":\"Quel capital choisir pour une hypoth\u00e8que de 300 000 $ ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Un capital \u00e9gal ou sup\u00e9rieur au solde, dur\u00e9e correspondant \u00e0 l'amortissement (T20 ou T25). Ajoutez 10-15 % pour frais fun\u00e9raires et imp\u00f4t sur succession.\"}},\n    {\"@type\":\"Question\",\"name\":\"Suis-je couvert si je refinance ma maison ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Avec une police vie individuelle, oui : elle couvre le capital assur\u00e9 peu importe la dette sous-jacente.\"}},\n    {\"@type\":\"Question\",\"name\":\"L'assurance hypoth\u00e9caire est-elle la m\u00eame chose que l'assurance SCHL ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Non. L'assurance SCHL prot\u00e8ge le pr\u00eateur contre votre d\u00e9faut de paiement. L'assurance vie hypoth\u00e9caire prot\u00e8ge votre famille.\"}},\n    {\"@type\":\"Question\",\"name\":\"Combien de temps pour mettre la police en vigueur avant la signature ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Entre 3 et 10 jours ouvrables pour un dossier simple. 2 \u00e0 4 semaines pour capitaux \u00e9lev\u00e9s ou examen para-m\u00e9dical.\"}}\n  ]\n}\n<\/script>\n\n<div style=\"background:#f0fdfa;border:1px solid #10c4c7;border-radius:12px;padding:28px;margin:32px 0;\">\n  <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 16px;\">Why trust Assur360?<\/h3>\n  <div style=\"display:grid;grid-template-columns:repeat(2,1fr);gap:12px;\">\n    <div style=\"display:flex;align-items:center;gap:8px;\"><span style=\"color:#10c4c7;font-weight:700;\">\u2713<\/span><span style=\"color:#334155;font-size:14px;\"><strong>AMF<\/strong> certified firm<\/span><\/div>\n    <div style=\"display:flex;align-items:center;gap:8px;\"><span style=\"color:#10c4c7;font-weight:700;\">\u2713<\/span><span style=\"color:#334155;font-size:14px;\"><strong>ChAD<\/strong> Member<\/span><\/div>\n    <div style=\"display:flex;align-items:center;gap:8px;\"><span style=\"color:#10c4c7;font-weight:700;\">\u2713<\/span><span style=\"color:#334155;font-size:14px;\">More than <strong>100,000 submissions<\/strong><\/span><\/div>\n    <div style=\"display:flex;align-items:center;gap:8px;\"><span style=\"color:#10c4c7;font-weight:700;\">\u2713<\/span><span style=\"color:#334155;font-size:14px;\"><strong>13 partner firms<\/strong><\/span><\/div>\n    <div style=\"display:flex;align-items:center;gap:8px;\"><span style=\"color:#10c4c7;font-weight:700;\">\u2713<\/span><span style=\"color:#334155;font-size:14px;\"><strong>Independent<\/strong> brokers<\/span><\/div>\n    <div style=\"display:flex;align-items:center;gap:8px;\"><span style=\"color:#10c4c7;font-weight:700;\">\u2713<\/span><span style=\"color:#334155;font-size:14px;\"><strong>100% free<\/strong> service<\/span><\/div>\n  <\/div>\n<\/div>\n\n<div style=\"background:linear-gradient(135deg,#0d1f2d,#1a3a4a);border-radius:16px;padding:40px;text-align:center;margin:40px 0;\">\n  <p style=\"color:#94a3b8;font-size:14px;text-transform:uppercase;letter-spacing:2px;margin:0 0 12px;\">FREE QUOTE<\/p>\n  <h3 style=\"color:#ffffff;font-size:28px;margin:0 0 16px;\">Protect your biggest investment<\/h3>\n  <p style=\"color:#94a3b8;margin:0 0 28px;\">Independent mortgage life insurance: savings + flexibility + payment guarantee.<\/p>\n  <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\" style=\"background:#10c4c7;color:#0d1f2d;padding:16px 36px;border-radius:8px;font-weight:700;text-decoration:none;font-size:16px;display:inline-block;margin-right:12px;\">Get My Quote<\/a>\n  <a href=\"tel:+18663574451\" style=\"background:transparent;color:#ffffff;padding:16px 36px;border-radius:8px;font-weight:700;text-decoration:none;font-size:16px;display:inline-block;border:2px solid #ffffff;\">1-866-357-4451<\/a>\n<\/div>\n\n<script type=\"application\/ld+json\">{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"BreadcrumbList\",\n  \"itemListElement\": [\n    {\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.assur360.ca\/\"},\n    {\"@type\":\"ListItem\",\"position\":2,\"name\":\"Produits d'assurance\",\"item\":\"https:\/\/www.assur360.ca\/produit-assurance\/\"},\n    {\"@type\":\"ListItem\",\"position\":3,\"name\":\"Assurance hypoth\u00e9caire\",\"item\":\"https:\/\/www.assur360.ca\/assurance-hypothecaire\/\"}\n  ]\n}\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Your bank offers you its mortgage loan insurance at signing, but did you know that individual life insurance compared by an AMF [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46308,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Mortgage Insurance | Assur360","_seopress_titles_desc":"Protect your investment with mortgage insurance. Cover your loan in case of unforeseen events and secure the future of your loved ones. Get a quote!  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