Insurance Products
Until now, when you made arrangements for your home financing, you were still required to visit a general insurance agency to arrange your home owners insurance. Not anymore! Origin has partnered with AXA insurance to take care of all your home financial needs including Mortgage Life Insurance. Whether you are buying or refinancing a single family home, a townhome, or a condominium apartment, you can get peace of mind with:
Mortgage Life Insurance (Term Life Insurance)
Term life insurance protects your family for the term of your mortgage or beyond, should unforeseen events such as death, disability, and/or critical illness prevent you from meeting your financial obligations.
| Most Lenders Mortgage Insurance | AXA Term Insurance | |||
| > | The lender owns the policy and the lender is the beneficiary. | > | You own the policy and you choose who the beneficiary is. | |
| > | The lender will only insure the amount of the mortgage. You can’t alter, renew or convert the policy. The coverage ends when the mortgage is paid off or ends. | > | You can increase or decrease your coverage, renew, or convert to a permanent plan. If you renegotiate or payoff your mortgage you can keep your coverage. | |
| > | Upon death the benefit goes directly to the lender. Only the balance of the mortgage is paid off even though they have been charging you for the full amount. | > | Upon death the benefit goes directly to the beneficiary. They can then decide how to best use the money. | |
| > | The premiums and benefits are not guaranteed. The lender can change or cancel the policy at any time. | > | Your premiums and benefits are guaranteed for the life of the policy. Only you can cancel or make changes to your policy. | |
| > | You pay the same rate as everyone else in your age range. | > | Rates are based on your personal age, gender and smoking status. In most cases rates are much cheaper than lender insurance. | |
| > | If two people are insured the lender will charge premiums for two people but if both people die only the mortgage is paid out. | > | If there are two policies and both people die then BOTH policies will be paid out. | |
| > | Lender insurance declines with the mortgage but the premiums remain the same. | > | Coverage does not decline. |
Property Insurance (Homeowner's Insurance)
ORIGIN Homeowner insurance will assist you in protecting your home from fire, theft, contents and third party liability insurance for your home.
Critical Illness Insurance
Helps you by lowering you’re monthly payments while you’re unable work - for a set period of time.
Disability Package
Helps you by lowering you’re monthly payments while you’re off work - for a set period of time.
For more information, contact Origin's expert Insurance Advisors at hoinsurance@Origingroup.ca or contact Dan Penner Insurance Advisor on 604-941-3086 or email danpenner@origingroup.ca