{"id":58732,"date":"2026-04-21T16:44:34","date_gmt":"2026-04-21T20:44:34","guid":{"rendered":"https:\/\/www.assur360.ca\/assur360-simulators-free-tools-for-your-financial-decisions\/mortgage-insurance-calculator-bank-vs-personal-life-insurance\/"},"modified":"2026-04-27T12:37:15","modified_gmt":"2026-04-27T16:37:15","slug":"mortgage-insurance-calculator-bank-vs-personal-life-insurance","status":"publish","type":"page","link":"https:\/\/www.assur360.ca\/en\/assur360-simulators-free-tools-for-your-financial-decisions\/mortgage-insurance-calculator-bank-vs-personal-life-insurance\/","title":{"rendered":"Mortgage Insurance Calculator: Bank vs Personal Life Insurance"},"content":{"rendered":"\n<style>#ez-toc-container{display:none!important}\n.a360-calc *{box-sizing:border-box}\n.a360-calc label{display:block;font-size:13px;font-weight:600;color:#0d1f2d;margin-bottom:6px}\n.a360-calc input[type=number],.a360-calc select{width:100%;padding:12px 14px;border:2px solid #e2e8f0;border-radius:8px;font-size:15px;color:#0d1f2d;background:#fff;transition:border-color .15s}\n.a360-calc input[type=number]:focus,.a360-calc select:focus{outline:none;border-color:#10c4c7}\n.a360-calc .field{margin-bottom:16px}\n.a360-calc .grid2{display:grid;grid-template-columns:repeat(2,1fr);gap:16px}\n.a360-calc .grid3{display:grid;grid-template-columns:repeat(3,1fr);gap:16px}\n.a360-calc .radio-row{display:flex;gap:10px;flex-wrap:wrap}\n.a360-calc .radio-row label{flex:1;min-width:120px;padding:12px;border:2px solid #e2e8f0;border-radius:8px;cursor:pointer;text-align:center;margin:0;font-weight:500;transition:all .15s}\n.a360-calc .radio-row input{display:none}\n.a360-calc .radio-row input:checked+span{color:#10c4c7}\n.a360-calc .radio-row label:has(input:checked){border-color:#10c4c7;background:#f0fdfa}\n.a360-calc .bilan{background:linear-gradient(135deg,#0d1f2d,#1a3a4a);border-radius:12px;padding:24px;color:#fff;margin-top:8px}\n.a360-calc .bilan .big{font-size:32px;font-weight:800;color:#10c4c7;margin:4px 0}\n.a360-calc .bilan .lbl{color:#94a3b8;font-size:12px;text-transform:uppercase;letter-spacing:1.5px}\n.a360-calc .result-row{display:grid;grid-template-columns:1fr 1fr;gap:16px;margin-bottom:16px}\n.a360-calc .res-card{background:#fff;border:1px solid #e2e8f0;border-radius:12px;padding:20px}\n.a360-calc .res-card.ban{border-top:4px solid #ef4444}\n.a360-calc .res-card.vie{border-top:4px solid #10c4c7}\n.a360-calc .res-card h4{margin:0 0 10px;color:#0d1f2d;font-size:16px}\n.a360-calc .res-card .amt{font-size:26px;font-weight:800;color:#0d1f2d;margin:4px 0}\n.a360-calc .res-card .sub{color:#64748b;font-size:12px}\n.a360-calc .verdict{background:#f0fdfa;border:2px solid #10c4c7;border-radius:12px;padding:20px;margin-top:16px;text-align:center}\n.a360-calc .verdict .eco{color:#10c4c7;font-size:36px;font-weight:800;display:block}\n.a360-calc .verdict .msg{color:#0d1f2d;font-weight:600;font-size:15px;margin-top:6px}\n.a360-calc .tip{background:#fef3c7;border-left:4px solid #f59e0b;padding:12px 16px;border-radius:8px;font-size:13px;color:#78350f;margin-top:12px}\n@media (max-width:768px){.a360-calc .grid2,.a360-calc .grid3,.a360-calc .result-row{grid-template-columns:1fr}}\n<\/style>\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InsuranceAgency\",\"name\":\"Assur360\",\"url\":\"https:\/\/www.assur360.ca\",\"telephone\":\"+1-866-357-4451\",\"logo\":\"https:\/\/www.assur360.ca\/wp-content\/uploads\/2024\/01\/assur360-logo.png\",\"address\":{\"@type\":\"PostalAddress\",\"addressLocality\":\"Thetford Mines\",\"addressRegion\":\"QC\",\"addressCountry\":\"CA\"},\"areaServed\":\"Qu\u00e9bec\",\"priceRange\":\"$$\",\"description\":\"Courtier d'assurance vie certifi\u00e9 AMF au Qu\u00e9bec, comparateur pour remplacer l'assurance hypoth\u00e9caire bancaire.\"}\n<\/script>\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"WebApplication\",\"name\":\"Calculateur assurance hypoth\u00e9caire bancaire vs assurance vie personnelle\",\"url\":\"https:\/\/www.assur360.ca\/simulation\/calculateur-assurance-hypothecaire-banque-vs-vie\/\",\"applicationCategory\":\"FinanceApplication\",\"operatingSystem\":\"Any\",\"offers\":{\"@type\":\"Offer\",\"price\":\"0\",\"priceCurrency\":\"CAD\"},\"description\":\"Calculateur gratuit pour comparer l'assurance hypoth\u00e9caire bancaire et l'assurance vie personnelle au Qu\u00e9bec : \u00e9conomies, capital fixe vs d\u00e9croissant, cumul des primes sur l'amortissement.\"}\n<\/script>\n\n<p style=\"font-size:17px;line-height:1.8;color:#334155;\">Every time a person signs a mortgage in Quebec, the bank advisor offers <strong>mortgage life insurance<\/strong> at the same time. Ticked by default in the contract, it seems simple and reassuring. However, compared to <strong>personal life insurance<\/strong> taken out with an <strong>AMF-certified<\/strong> broker such as <strong>Assur360<\/strong>, it loses almost every time. This free calculator shows you, in seconds, just how huge the gap can be \u2014 in dollars, protection, and flexibility.   <\/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;\">THE BIG MATCH<\/p>\n  <h2 style=\"color:#fff;font-size:30px;margin:0 0 12px;\"><span class=\"ez-toc-section\" id=\"Banking-vs-Personal-Life-Insurance\"><\/span>Banking vs. Personal Life Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p style=\"color:#94a3b8;margin:0 0 28px;font-size:16px;\">Always won by the staff. Calculate the gap in 30 seconds. <\/p>\n  <a href=\"#calculateur\" style=\"background:#10c4c7;color:#0d1f2d;padding:16px 36px;border-radius:8px;font-weight:700;text-decoration:none;font-size:16px;display:inline-block;\">Start the calculation<\/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;\">-40 %<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">Medium Savings<\/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;\">Fixed<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">Personal face amount<\/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;\">$0<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">AMF Broker<\/div>\n  <\/div>\n  <div style=\"background:#f8fafc;padding:24px;text-align:center;\">\n    <div style=\"color:#10c4c7;font-size:32px;font-weight:800;margin-bottom:4px;\">3 min<\/div>\n    <div style=\"color:#64748b;font-size:13px;\">To compare<\/div>\n  <\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\" id=\"calculateur\" style=\"color:#0d1f2d;\"><span class=\"ez-toc-section\" id=\"Calculator-Bank-vs-Personal-Life-Insurance\"><\/span>Calculator: Bank vs. Personal Life Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p style=\"color:#334155;line-height:1.7;\">Enter your mortgage and profile information. The calculator compares the <strong>monthly premium<\/strong>, <strong>cumulative cost<\/strong> and <strong>actual coverage<\/strong> paid to beneficiaries between the two options. Rates are 2026 estimates based on average Quebec market prices for a T25 (25-year term) policy.  <\/p>\n\n<div class=\"a360-calc\" style=\"background:#f8fafc;border:1px solid #e2e8f0;border-radius:16px;padding:28px;margin:24px 0;\">\n  <div class=\"grid2\">\n    <div class=\"field\">\n      <label for=\"h-montant\">Mortgage amount ($)<\/label>\n      <input type=\"number\" id=\"h-montant\" min=\"50000\" max=\"2000000\" step=\"10000\" value=\"400000\"\/>\n    <\/div>\n    <div class=\"field\">\n      <label for=\"h-amortissement\">Amortization period (years)<\/label>\n      <select id=\"h-amortissement\">\n        <option value=\"15\">15 years<\/option>\n        <option value=\"20\">20 years<\/option>\n        <option value=\"25\" selected=\"selected\">25 years<\/option>\n        <option value=\"30\">30 years<\/option>\n      <\/select>\n    <\/div>\n  <\/div>\n\n  <div class=\"grid3\">\n    <div class=\"field\">\n      <label for=\"h-age\">Age of the primary borrower<\/label>\n      <input type=\"number\" id=\"h-age\" min=\"18\" max=\"75\" value=\"35\"\/>\n    <\/div>\n    <div class=\"field\">\n      <label>Gender<\/label>\n      <div class=\"radio-row\">\n        <label><input type=\"radio\" name=\"sexe\" value=\"h\" checked=\"checked\"\/><span>Man<\/span><\/label>\n        <label><input type=\"radio\" name=\"sexe\" value=\"f\"\/><span>Woman<\/span><\/label>\n      <\/div>\n    <\/div>\n    <div class=\"field\">\n      <label>Smoking<\/label>\n      <div class=\"radio-row\">\n        <label><input type=\"radio\" name=\"fumeur\" value=\"0\" checked=\"checked\"\/><span>No<\/span><\/label>\n        <label><input type=\"radio\" name=\"fumeur\" value=\"1\"\/><span>Yes<\/span><\/label>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <div class=\"grid2\">\n    <div class=\"field\">\n      <label for=\"h-taux\">Mortgage Interest Rate (%)<\/label>\n      <input type=\"number\" id=\"h-taux\" min=\"1\" max=\"12\" step=\"0.05\" value=\"5.25\"\/>\n    <\/div>\n    <div class=\"field\">\n      <label for=\"h-banque\">Bank Insurance Rate ($1000\/month)<\/label>\n      <select id=\"h-banque\">\n        <option value=\"0.20\">$0.20 (youth non-smoker)<\/option>\n        <option value=\"0.25\" selected=\"selected\">$0.25 (average QC)<\/option>\n        <option value=\"0.30\">$0.30 (35-45 years old)<\/option>\n        <option value=\"0.40\">$0.40 (45+ or smoker)<\/option>\n        <option value=\"0.55\">$0.55 (55+ or risk)<\/option>\n      <\/select>\n    <\/div>\n  <\/div>\n\n  <button type=\"button\" id=\"h-calc\" style=\"width:100%;background:#10c4c7;color:#0d1f2d;border:none;padding:16px;border-radius:10px;font-weight:700;font-size:16px;cursor:pointer;margin-top:8px;\">Compare Now<\/button>\n\n  <div id=\"h-results\" style=\"display:none;margin-top:24px;\">\n    <div class=\"result-row\">\n      <div class=\"res-card ban\">\n        <h4>\ud83c\udfe6 Bank mortgage insurance<\/h4>\n        <div class=\"lbl\" style=\"color:#64748b;font-size:12px;text-transform:uppercase;letter-spacing:1.5px;\">Monthly premium<\/div>\n        <div class=\"amt\" id=\"r-ban-mois\">\u2014 $<\/div>\n        <div class=\"sub\">Decreasing capital (follows the balance)<\/div>\n        <hr style=\"border:none;border-top:1px solid #e2e8f0;margin:12px 0;\"\/>\n        <div class=\"lbl\" style=\"color:#64748b;font-size:12px;text-transform:uppercase;letter-spacing:1.5px;\">Total cost (depreciation)<\/div>\n        <div class=\"amt\" id=\"r-ban-total\" style=\"color:#ef4444;\">\u2014 $<\/div>\n        <div class=\"sub\">Insurance with no residual value<\/div>\n      <\/div>\n      <div class=\"res-card vie\">\n        <h4>\ud83d\udc99 T25 Personal Life Insurance<\/h4>\n        <div class=\"lbl\" style=\"color:#64748b;font-size:12px;text-transform:uppercase;letter-spacing:1.5px;\">Monthly premium<\/div>\n        <div class=\"amt\" id=\"r-vie-mois\">\u2014 $<\/div>\n        <div class=\"sub\">Fixed capital (still 100%)<\/div>\n        <hr style=\"border:none;border-top:1px solid #e2e8f0;margin:12px 0;\"\/>\n        <div class=\"lbl\" style=\"color:#64748b;font-size:12px;text-transform:uppercase;letter-spacing:1.5px;\">Total cost (25 years)<\/div>\n        <div class=\"amt\" id=\"r-vie-total\" style=\"color:#10c4c7;\">\u2014 $<\/div>\n        <div class=\"sub\">The capital remains intact until death<\/div>\n      <\/div>\n    <\/div>\n    <div class=\"verdict\">\n      <div class=\"lbl\" style=\"color:#0d1f2d;font-size:13px;text-transform:uppercase;letter-spacing:1.5px;font-weight:600;\">Savings with Personal Life Insurance<\/div>\n      <span class=\"eco\" id=\"r-economie\">\u2014 $<\/span>\n      <div class=\"msg\" id=\"r-message\"><\/div>\n    <\/div>\n    <div class=\"bilan\">\n      <div class=\"lbl\">\ud83d\udcb0 Difference in coverage paid to beneficiaries after 15 years<\/div>\n      <div class=\"big\" id=\"r-protection\">\u2014 $<\/div>\n      <p style=\"margin:8px 0 0;color:#94a3b8;font-size:14px;\">Bank insurance only covers the <strong style=\"color:#fff;\">remaining mortgage balance<\/strong>. Personal life insurance pays the <strong style=\"color:#10c4c7;\">full principal<\/strong> to the beneficiaries, who choose how to use it. <\/p>\n      <div style=\"margin-top:20px;text-align:center;\">\n        <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\" style=\"background:#10c4c7;color:#0d1f2d;padding:14px 28px;border-radius:8px;font-weight:700;text-decoration:none;font-size:15px;display:inline-block;\">Get my mortgage life insurance quote\u2192<\/a>\n      <\/div>\n    <\/div>\n    <div class=\"tip\">\ud83d\udca1 <strong>Informative estimate 2026.<\/strong> Your exact price depends on your answers to the health questionnaire. Get a real quote in 3 minutes with an <strong>AMF<\/strong> broker: <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\" style=\"color:#78350f;text-decoration:underline;\">free quote<\/a>. <\/div>\n  <\/div>\n<\/div>\n\n<script data-no-optimize=\"1\" data-no-defer=\"1\" data-cfasync=\"false\">\n(function(){\n  function qs(s){return document.querySelector(s)}\n  function fmt(n){return Math.round(n).toLocaleString('fr-CA')+' $'}\n  function tauxMensuel(age,sexe,fumeur,duree){\n    \/\/ Base per 1000$ capital \/ mois pour T25 2026 \u2014 estimation march\u00e9 QC\n    \/\/ Hommes non-fumeurs T25 par tranche d'\u00e2ge\n    var base={25:0.042,30:0.048,35:0.060,40:0.082,45:0.125,50:0.195,55:0.330,60:0.560,65:0.950,70:1.550,75:2.500};\n    \/\/ interpolation\n    var keys=Object.keys(base).map(Number).sort(function(a,b){return a-b});\n    var rate;\n    if(age<=keys[0]) rate=base[keys[0]];\n    else if(age>=keys[keys.length-1]) rate=base[keys[keys.length-1]];\n    else{\n      for(var i=0;i<keys.length-1;i++){\n        if(age>=keys[i]&&age<=keys[i+1]){\n          var t=(age-keys[i])\/(keys[i+1]-keys[i]);\n          rate=base[keys[i]]*(1-t)+base[keys[i+1]]*t;\n          break;\n        }\n      }\n    }\n    \/\/ ajustements\n    if(sexe==='f') rate*=0.85;     \/\/ femmes ~15% moins cher\n    if(fumeur==='1') rate*=2.2;    \/\/ fumeur \u00d72.2\n    \/\/ dur\u00e9e T \u2014 T25 est base, T10\/T15\/T20 moins cher, T30 plus\n    var fd={10:0.65,15:0.78,20:0.90,25:1.0,30:1.18};\n    rate*=(fd[duree]||1);\n    return rate;\n  }\n  function soldeHypo(montant,taux,amort,moisEcoules){\n    \/\/ Paiement hypoth\u00e9caire = amortissement mensuel\n    var r=taux\/12\/100;\n    var n=amort*12;\n    if(r===0) return montant*(1-moisEcoules\/n);\n    var pmt=montant*r*Math.pow(1+r,n)\/(Math.pow(1+r,n)-1);\n    \/\/ solde restant apr\u00e8s moisEcoules\n    var solde=montant*Math.pow(1+r,moisEcoules)-pmt*(Math.pow(1+r,moisEcoules)-1)\/r;\n    return Math.max(0,solde);\n  }\n\n  qs('#h-calc').addEventListener('click',function(){\n    var m=parseFloat(qs('#h-montant').value)||400000;\n    var age=parseInt(qs('#h-age').value)||35;\n    var amort=parseInt(qs('#h-amortissement').value)||25;\n    var taux=parseFloat(qs('#h-taux').value)||5.25;\n    var sexe=document.querySelector('input[name=sexe]:checked').value;\n    var fumeur=document.querySelector('input[name=fumeur]:checked').value;\n    var tauxBanque=parseFloat(qs('#h-banque').value)||0.25;\n\n    \/\/ Banque : prime mensuelle constante bas\u00e9e sur le montant initial chez la plupart des banques QC\n    var banqueMois=m\/1000*tauxBanque;\n    var banqueTotal=banqueMois*amort*12;\n\n    \/\/ Vie T-amort (ou le plus proche)\n    var dureeProche=[10,15,20,25,30].reduce(function(p,c){return Math.abs(c-amort)<Math.abs(p-amort)?c:p});\n    var rate=tauxMensuel(age,sexe,fumeur,dureeProche);\n    var vieMois=m\/1000*rate;\n    var vieTotal=vieMois*amort*12;\n\n    var economie=banqueTotal-vieTotal;\n    var soldeAns15=soldeHypo(m,taux,amort,180);\n    var protection=m-soldeAns15; \/\/ diff\u00e9rence: vie verse m, banque verse seulement solde\n\n    qs('#r-ban-mois').textContent=fmt(banqueMois);\n    qs('#r-ban-total').textContent=fmt(banqueTotal);\n    qs('#r-vie-mois').textContent=fmt(vieMois);\n    qs('#r-vie-total').textContent=fmt(vieTotal);\n    qs('#r-economie').textContent=economie>0?fmt(economie):'0 $';\n    qs('#r-protection').textContent='+ '+fmt(protection);\n\n    var pct=banqueTotal>0?Math.round(economie\/banqueTotal*100):0;\n    if(economie>0){\n      qs('#r-message').innerHTML='L'assurance vie personnelle vous fait \u00e9conomiser <strong>'+pct+' % sur toute la dur\u00e9e, avec un capital <\/strong><strong>fixe au lieu d'un capital d\u00e9croissant.';\n    }else{\n      qs('#r-message').innerHTML='Dans ce profil, les primes sont similaires \u2014 mais la personnelle offre toujours un <\/strong><strong>capital fixe, la <\/strong><strong>portabilit\u00e9 et un <\/strong><strong>b\u00e9n\u00e9ficiaire libre.';\n    }\n    qs('#h-results').style.display='block';\n    qs('#h-results').scrollIntoView({behavior:'smooth',block:'start'});\n  });\n  \/\/ auto-calc at load\n  setTimeout(function(){qs('#h-calc').click()},100);\n})();\n<!-- wpml:html_fragment <\/strong><\/script>  -->\n\n<h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;\"><span class=\"ez-toc-section\" id=\"Why-Personal-Always-Wins-6-Reasons\"><\/span>Why Personal Always Wins: 6 Reasons<span class=\"ez-toc-section-end\"><\/span><\/h2>\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\udcc9<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Decreasing vs. Fixed Capital<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">Bank insurance follows the <strong>balance of the mortgage<\/strong> : it decreases every month. After 15 years, your beneficiaries often receive <strong>half of<\/strong> what you pay for. Personal life insurance keeps its entire capital.  <\/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\udc6a<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Free beneficiary<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">In banking, the <strong>beneficiary = the bank<\/strong>. The money is only used to extinguish the mortgage. In staff, <strong>you<\/strong> choose who gets the money (spouse, children, trust) and <strong>how<\/strong> it's used.  <\/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\udd01<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Mobile between banks<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">Are you changing mortgages, banks, houses? Bank insurance <strong>is cancelled<\/strong>. The Personal follows you for the rest of your life, no matter where you refinance.  <\/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;\">\u2705<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Underwriting from the moment of signing<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">In banking, the health analysis is done <strong>at the time of death<\/strong> (post-claim underwriting). Refusals are possible. In staff, your coverage is <strong>approved as soon as you sign up<\/strong>.  <\/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\udcb5<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Competitive Bounties<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">An AMF broker compares <strong>9+ life insurers<\/strong> and gets the best price according to your profile. The gap reaches <strong>30 to 50%<\/strong> over 25 years for a healthy non-smoker. <\/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\udee1\ufe0f<\/div>\n    <h3 style=\"color:#0d1f2d;font-size:18px;margin:0 0 12px;\">Modular coverage<\/h3>\n    <p style=\"color:#334155;font-size:14px;line-height:1.6;margin:0;\">Easily add disability, critical illness, waiver of premiums. The personal adapts. The banking sector is <strong>rigid<\/strong> and limited to mortgages.  <\/p>\n  <\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;\"><span class=\"ez-toc-section\" id=\"Table-bank-vs-personal-over-25-years\"><\/span>Table: bank vs personal over 25 years<span class=\"ez-toc-section-end\"><\/span><\/h2>\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:#fff;\">\n        <th style=\"padding:14px 16px;text-align:left;\">Criterion<\/th>\n        <th style=\"padding:14px 16px;text-align:left;\">Bank (mortgage)<\/th>\n        <th style=\"padding:14px 16px;text-align:left;\">Personal (life)<\/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;font-weight:700;\">Descending \u2198<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">Fixed \u2713<\/td>\n      <\/tr>\n      <tr style=\"background:#fff;\">\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:#334155;\">The bank (taxed)<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:600;\">Free (spouse, children, trust)<\/td>\n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Portability<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">Cancels on change<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:600;\">Follows you for life<\/td>\n      <\/tr>\n      <tr style=\"background:#fff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Medical<\/td>\n analysis<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">After death (refusal possible)<\/td>\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:600;\">Before signing (guaranteed)<\/td>                \n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Use of the indemnity<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#334155;\">Mortgage repayment only<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:600;\">Free (studies, retirement, funeral expenses)<\/td>\n      <\/tr>\n      <tr style=\"background:#fff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">Endorsements (disability, critical illness)<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">Not available<\/td>\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:600;\">Optional, modular<\/td>\n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;font-weight:600;color:#0d1f2d;\">25-year premium ($400K, 35-year NF)<\/td>\n\u2248 $\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;font-weight:700;\">30,000<\/td><td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $18,000<\/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 estimates based on a 35-year-old non-smoking male, $400,000\/25-year mortgage. <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\" style=\"color:#10c4c7;\">Get your exact price in 3 minutes<\/a>.<\/p>\n\n<h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;\"><span class=\"ez-toc-section\" id=\"How-to-replace-your-mortgage-insurance-in-4-steps\"><\/span>How to replace your mortgage insurance in 4 steps<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;\">Get your personal life quote<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">Fill out a <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\" style=\"color:#10c4c7;\">free quote at Assur360<\/a>. An AMF broker compares 9+ insurers in 3 minutes based on your age, gender, smoking habit and medical history. <\/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;\">Get your policy approved<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">Health questionnaire, and sometimes free medical examination at home. In most cases, the policy is <strong>issued in 7 to 14 days<\/strong>. <\/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;\">Cancel bank insurance<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">Once your personal policy is in force, write to the bank to <strong>remove the mortgage group protection<\/strong>. Standard form, no cancellation fee. <\/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;\">Cash out the savings<\/h3><p style=\"color:#334155;margin:0;line-height:1.6;\">You often save <strong>30-50%<\/strong> as a bonus, with <strong>superior<\/strong> protection. Some clients use the spread to contribute to an RRSP or TFSA. <\/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's advice<\/p>\n    <p style=\"color:#94a3b8;font-size:14px;margin:0;line-height:1.6;\">Get your <strong style=\"color:#fff;\">personal policy approved before<\/strong> cancelling the bank. This way, you avoid any period without coverage if a health problem arises during the transition.   <strong style=\"color:#fff;\">Assur360 coordinates the transition free of charge.<\/strong><\/p>\n  <\/div>\n<\/div>\n\n<div style=\"background:#fef2f2;border:2px solid #ef4444;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;\">\u26a0\ufe0f<\/div>\n  <div>\n    <p style=\"color:#991b1b;font-weight:700;font-size:16px;margin:0 0 8px;\">Beware of the trap of \"post-claim underwriting\"<\/p>\n    <p style=\"color:#7f1d1d;font-size:14px;margin:0;line-height:1.6;\">Bank insurance carries out its medical analysis <strong>at the time of the claim<\/strong>, often after a death. If the insurer finds an omission in the original health statement, the claim may be <strong>denied<\/strong> and premiums refunded. With a personal policy, you are <strong>covered for only 2 years<\/strong>, after which it is irrevocable.  <\/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;\">WIN THE GAME<\/p>\n  <h3 style=\"color:#fff;font-size:28px;margin:0 0 16px;\">Get your life quote in 3 minutes<\/h3>\n  <p style=\"color:#94a3b8;margin:0 0 28px;\">Compare 9+ insurers with an AMF broker. 100% free, no obligation. <\/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;\">My free<\/a>\n quote<a href=\"tel:+18663574451\" style=\"background:transparent;color:#fff;padding:16px 36px;border-radius:8px;font-weight:700;text-decoration:none;font-size:16px;display:inline-block;border:2px solid #fff;\">1-866-357-4451<\/a>  \n<\/div>\n\n<h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;\"><span class=\"ez-toc-section\" id=\"Concrete-examples-by-profile\"><\/span>Concrete examples by profile<span class=\"ez-toc-section-end\"><\/span><\/h2>\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:#fff;\">\n        <th style=\"padding:14px 16px;text-align:left;\">Profile<\/th>\n        <th style=\"padding:14px 16px;text-align:left;\">Mortgage<\/th>\n        <th style=\"padding:14px 16px;text-align:left;\">Bank \/month<\/th>\n        <th style=\"padding:14px 16px;text-align:left;\">Life T25 \/month<\/th>\n        <th style=\"padding:14px 16px;text-align:left;\">Economy 25 years<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#0d1f2d;\">Female 28 years old, non-smoker<\/td>\n$\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#334155;\">350,000<\/td><td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2248 $<\/td>\n70<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $<\/td>\n17<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $15,900<\/td>                                \n      <\/tr>\n      <tr style=\"background:#fff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#0d1f2d;\">Male 35 years old, non-smoker<\/td>\n$\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#334155;\">400,000<\/td><td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2248 $<\/td>\n100<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $<\/td>\n24<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $22,800<\/td>                                \n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#0d1f2d;\">Couple 40 years old, non-smokers<\/td>\n$\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#334155;\">500,000<\/td><td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2248 $<\/td>\n150<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $<\/td>\n60<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $27,000<\/td>                                \n      <\/tr>\n      <tr style=\"background:#fff;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#0d1f2d;\">Male 45 years old, smoker<\/td>\n$\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#334155;\">450,000<\/td><td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2248 $<\/td>\n180<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $<\/td>\n125<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $16,500<\/td>                                \n      <\/tr>\n      <tr style=\"background:#f8fafc;\">\n        <td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#0d1f2d;\">Woman 55 years old, non-smoker<\/td>\n$\n<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#334155;\">300,000<\/td><td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#ef4444;\">\u2248 $<\/td>\n165<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $<\/td>\n85<td style=\"padding:12px 16px;border-bottom:1px solid #e2e8f0;color:#10c4c7;font-weight:700;\">\u2248 $24,000<\/td>                                \n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n<h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;\"><span class=\"ez-toc-section\" id=\"Where-Assur360-accompanies-you-in-Quebec\"><\/span>Where Assur360 accompanies you in Quebec<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p style=\"color:#334155;line-height:1.7;\">Our AMF brokers advise homeowners in <strong>Montreal<\/strong>, <strong>Quebec City<\/strong>, <strong>Laval<\/strong>, <strong>Longueuil<\/strong>, <strong>Gatineau<\/strong>, <strong>Sherbrooke<\/strong>, <strong>Trois-Rivi\u00e8res<\/strong>, <strong>Saguenay<\/strong>, <strong>L\u00e9vis<\/strong>, <strong>Terrebonne<\/strong>, <strong>Saint-Jean-sur-Richelieu<\/strong>, <strong>Drummondville<\/strong> and <strong>Thetford Mines<\/strong> to <strong>replace their bank mortgage insurance<\/strong> with a more suitable and economical personal life solution.<\/p>\n\n<h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;\"><span class=\"ez-toc-section\" id=\"Related-Resources\"><\/span>Related Resources<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\/quick-quote-life-insurance\/\" 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\udc99 Life insurance quote<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">Get your personalized price in 3 minutes with an AMF broker.<\/p>\n  <\/a>\n  <a href=\"https:\/\/www.assur360.ca\/en\/assur360-simulators-free-tools-for-your-financial-decisions\/after-a-home-claim-how-much-do-i-really-receive-simulator-2026\/\" 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 claims simulator<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">How much will you really receive after water damage or fire?<\/p>\n  <\/a>\n  <a href=\"https:\/\/www.assur360.ca\/en\/assur360-simulators-free-tools-for-your-financial-decisions\/\" 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;\">\ud83e\uddee All our simulators<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">Free Assur360 tools for your financial decisions.<\/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\udfe1 Home insurance<\/h3>\n    <p style=\"color:#64748b;font-size:14px;margin:0;\">Compare 9+ home insurers for your home.<\/p>\n  <\/a>\n<\/div>\n\n<h2 class=\"wp-block-heading\" style=\"color:#0d1f2d;\"><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 bank mortgage insurance mandatory in Quebec?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">No. There is no law in Quebec that requires you to take out the life insurance offered by the bank at the time of signing the mortgage. Financial institutions routinely offer it, but you have the <strong>right to refuse<\/strong> and choose <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\">personal life insurance<\/a> instead. The AMF regularly reminds us of this right.  <\/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 replace my bank's insurance after I sign?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">Yes, at all times. Once your personal policy is issued and in force, you send a simple form to your bank to <strong>cancel the group coverage<\/strong>. No fees, no penalties. The personal insurer will then be your only coverage.   <\/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 is decreasing capital a disadvantage?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">You pay <strong>the same monthly premium<\/strong> for 25 years, but the coverage paid when you die <strong>decreases each month<\/strong> with the balance of the mortgage. After 15 years, your beneficiaries could receive half or less. Personal life insurance, on the other hand, always pays out the full capital.  <\/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 is \"post-claim underwriting\"?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">This is the practice of group banking insurance: the analysis of your medical history is only done <strong>at the time of the claim<\/strong>, often after death. If the insurer finds an omission in the original questionnaire, they can <strong>deny<\/strong> the claim and simply refund the premiums. With an individual policy, the analysis is done before the issue \u2014 after 2 years, the policy becomes indisputable.  <\/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 much does T25 personal life insurance cost in Quebec?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">For a healthy non-smoker: about <strong>$15 to $25 per month<\/strong> at age 30, <strong>$25 to $45<\/strong> at age 40, <strong>$60 to $110<\/strong> at age 50, for a principal amount of $400,000. Smokers pay about <strong>2.2\u00d7<\/strong> more. Use the <a href=\"#calculateur\">calculator above<\/a> for an estimate based on your profile.  <\/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 to my policy if I change banks or houses?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">The personal policy is <strong>yours<\/strong> : it continues without interruption regardless of the bank, mortgage or address. Bank insurance, on the other hand, expires as soon as the mortgage is paid off or refinanced elsewhere \u2014 you have to start all over again (and often at a higher rate because you're older). <\/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 the spouse automatically covered in the bank?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">Only if the spouse is <strong>a co-borrower<\/strong> and only if he or she has also ticked the box. In personnel, each spouse has his or her own policy at the amount he or she chooses, or a <strong>joint policy<\/strong> with payment on first death (common solution for couples). <\/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;\">I am young and healthy, is it really urgent?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">This is precisely the best time: the younger you are, the lower the premium and the more it <strong>remains locked<\/strong> in for 20 or 25 years. At 30, you can lock in a rate that will be 3 to 4\u00d7 cheaper than at 50. Later, a medical diagnosis can make insurance <strong>inaccessible<\/strong>.  <\/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 it better to use T10, T20 or T25 to cover my mortgage?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">The ideal term is the one that <strong>covers at least your amortization<\/strong>, with a margin for unforeseen events. For a 25-year mortgage, a T25 makes sense. Some prefer T20+ smaller permanent font. Your AMF Assur360 broker will do the analysis according to your estate and budget objectives.   <\/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 increase the capital without having to do a new medical examination?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">Yes, with the <strong>Guaranteed Insurability Rider<\/strong> or by choosing a permanent policy with a Flex Amount. Bank insurance, on the other hand, only increases if you take out a new mortgage and it does its own analysis each time. <\/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;\">Does personal life insurance cover disability?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">Not automatically, but you can add a <strong>premium waiver rider<\/strong> (premium paid by the insurer in the event of disability) and <strong>critical illness<\/strong> coverage (lump sum payment if cancer, stroke, heart attack, etc.). Bank insurance sometimes offers disability, but under stricter conditions and more limited definitions. <\/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 does the quote work with Assur360?<\/summary>\n    <div style=\"padding:16px 20px;color:#334155;line-height:1.7;border-top:1px solid #e2e8f0;\">You fill out a <a href=\"https:\/\/www.assur360.ca\/en\/quick-quote-life-insurance\/\">quote online<\/a> (3 min) or call a broker at <strong>1-866-357-4451<\/strong>. We compare 9+ AMF-certified insurers, give you the best scenarios, then coordinate medical examination and issuance. The transition from banking to personal is managed by your broker, with no interruption in coverage.  <\/div>\n  <\/details>\n<\/div>\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[\n{\"@type\":\"Question\",\"name\":\"L'assurance hypoth\u00e9caire bancaire est-elle obligatoire au Qu\u00e9bec ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Non, aucune loi n'oblige \u00e0 souscrire l'assurance vie offerte par la banque. Vous avez le droit de refuser et de choisir une assurance vie personnelle.\"}},\n{\"@type\":\"Question\",\"name\":\"Puis-je remplacer l'assurance de ma banque apr\u00e8s avoir sign\u00e9 ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Oui, en tout temps. Une fois la police personnelle en vigueur, un formulaire \u00e0 la banque annule la protection groupe. Aucun frais.\"}},\n{\"@type\":\"Question\",\"name\":\"Pourquoi le capital d\u00e9croissant est-il un d\u00e9savantage ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Vous payez la m\u00eame prime pendant 25 ans, mais la couverture baisse chaque mois avec le solde de l'hypoth\u00e8que. Apr\u00e8s 15 ans les b\u00e9n\u00e9ficiaires re\u00e7oivent la moiti\u00e9 ou moins.\"}},\n{\"@type\":\"Question\",\"name\":\"Qu'est-ce que le post-claim underwriting ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"L'analyse m\u00e9dicale est faite au moment de la r\u00e9clamation, souvent apr\u00e8s le d\u00e9c\u00e8s. Si une omission est trouv\u00e9e, la r\u00e9clamation peut \u00eatre refus\u00e9e et les primes simplement rembours\u00e9es.\"}},\n{\"@type\":\"Question\",\"name\":\"Combien co\u00fbte une assurance vie personnelle T25 au Qu\u00e9bec ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Pour un non-fumeur en bonne sant\u00e9 : environ 15 \u00e0 25 $\/mois \u00e0 30 ans, 25 \u00e0 45 $ \u00e0 40 ans, 60 \u00e0 110 $ \u00e0 50 ans pour 400 000 $. Fumeurs : environ 2.2\u00d7 plus.\"}},\n{\"@type\":\"Question\",\"name\":\"Que devient ma police si je change de banque ou de maison ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"La police personnelle vous appartient et continue sans interruption peu importe la banque ou l'adresse. L'assurance bancaire s'\u00e9teint au refinancement ou au remboursement.\"}},\n{\"@type\":\"Question\",\"name\":\"Le conjoint est-il couvert automatiquement en banque ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Seulement si co-emprunteur et s'il a aussi coch\u00e9 la case. En personnel chaque conjoint peut avoir sa police ou une police conjointe premier d\u00e9c\u00e8s.\"}},\n{\"@type\":\"Question\",\"name\":\"Je suis jeune et en sant\u00e9, est-ce urgent ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Oui, c'est le meilleur moment : prime basse et verrouill\u00e9e pour 20-25 ans. Plus tard, un diagnostic peut rendre l'assurance inaccessible.\"}},\n{\"@type\":\"Question\",\"name\":\"T10, T20 ou T25 pour l'hypoth\u00e8que ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Minimum \u00e9gale \u00e0 l'amortissement avec marge. T25 pour une hypoth\u00e8que 25 ans. Un courtier AMF analyse selon vos objectifs.\"}},\n{\"@type\":\"Question\",\"name\":\"Puis-je augmenter le capital sans examen m\u00e9dical ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Oui avec l'avenant d'assurabilit\u00e9 garantie, ou via une police permanente modulable. L'assurance bancaire refait une analyse \u00e0 chaque nouvelle hypoth\u00e8que.\"}},\n{\"@type\":\"Question\",\"name\":\"L'assurance vie personnelle couvre-t-elle l'invalidit\u00e9 ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Pas de base, mais avenants disponibles : exon\u00e9ration des primes en cas d'invalidit\u00e9, maladie grave (cancer\/AVC\/infarctus). Plus souples que les protections bancaires.\"}},\n{\"@type\":\"Question\",\"name\":\"Comment fonctionne la soumission avec Assur360 ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Soumission en ligne 3 min ou 1-866-357-4451. Nous comparons 9+ assureurs AMF, remettons les meilleurs sc\u00e9narios, coordonnons l'examen m\u00e9dical et l'\u00e9mission, puis la transition bancaire.\"}}\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;\"><strong>100,000+<\/strong> Submissions<\/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>9+<\/strong> Life Insurers Compared<\/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> broker<\/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;\">Phone: <strong>1-866-357-4451<\/strong><\/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:#fff;font-size:28px;margin:0 0 16px;\">Save on your mortgage insurance today<\/h3>\n  <p style=\"color:#94a3b8;margin:0 0 28px;\">Compare 9+ insurers with an AMF broker in 3 minutes. 100% free, no obligation. <\/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;\">My free<\/a>\n quote<a href=\"tel:+18663574451\" style=\"background:transparent;color:#fff;padding:16px 36px;border-radius:8px;font-weight:700;text-decoration:none;font-size:16px;display:inline-block;border:2px solid #fff;\">1-866-357-4451<\/a>  \n<\/div>\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"BreadcrumbList\",\"itemListElement\":[\n{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.assur360.ca\/\"},\n{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Simulateurs\",\"item\":\"https:\/\/www.assur360.ca\/simulation\/\"},\n{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Calculateur assurance hypoth\u00e9caire banque vs vie\"}\n]}\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Every time a person signs a mortgage in Quebec, the bank advisor offers mortgage life insurance at the same time. Ticked by [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":59152,"parent":58627,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Bank Mortgage Calculator vs Life Insurance 2026 | Assur360","_seopress_titles_desc":"Free calculator: Compare bank mortgage insurance and personal life insurance in Quebec. Fixed capital, stable price, guaranteed savings. 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