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What coverage is included in mortgage insurance?
Mortgage insurance has three components:
- Disability insurance: covers your insured mortgage payments if you are unable to work due to an accident or illness.
- Critical illness insurance: covers your insured loan balance if
you are diagnosed with cancer, stroke or heart attack.
- Life insurance: covers your insured loan balance in the event of your death, relieving your loved ones of a financial burden.
Related questions
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Can I cancel an Interac e-Transfer® if the recipient has Autodeposit enabled? No, it's not possible to cancel an Interac e-Transfer and retrieve sent funds if the recipient has Autodeposit enabled. -
How can I deposit cheques with the National Bank app? Forget ABMs, use the National Bank app to deposit your cheques quickly and securely. -
How can I send money to another National Bank client? Send money to a National Bank client using their account number, from your online bank or National Bank app. -
How do I activate Interac e-Transfer® Autodeposit? Activate Interac e-Transfer® Autodeposit. No more security questions needed. -
How do I add a recipient for a transfer? Add a recipient for your Interac e-Transfer® or for transfers to other National Bank clients.
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