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2	Your home... A valuable asset Your first major financial commitment
3	To protect it... Does your current mortgage insurance offer you such regular coverages as: protection in case of death (life insurance) protection in case of disability protection in case of critical illness
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5	Right now... Does your disability coverage offer you: the payment of your benefits regardless of the duration of your disability? the full payment of your monthly mortgage instalment? an insurance premium that does not increase with the interest rates?
6	Are you sure... … that you are fully covered by your current insurance? Or simply, … that you are even INSURED?
7	Uncertainty... Is your financial institution able to certify that you are insured without even having checked your state of health? Most financial institutions check your state of health... but only when you make a claim.
8	The consequences... Some people are declined a benefit just when they need it most! Could this happen to you?
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10	The advantages of the Home Protection Plan Level and guaranteed premiums Contract independent of the loan Protection against interest rate increases Choice of beneficiary Medical questions at issue to make sure you are covered Complete coverage: life, critical illness, disability and additional benefits
11	The HPP… and other financial institutions Now let’s take a look at the protection offered by the Home Protection Plan as compared to other financial institutions
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13	Product structure
14	Life insurance Protection: On an individual or joint basis Always 100% of the loan balance $10,000 to $1,000,000 special quotes for > 1 million Term: maximum period of 30 years
15	Life insurance Premiums Based on you as an individual and not a pool of clients age, sex, tobacco use and mortgage balance Premium guaranteed for the entire term of the contract and is not affected by interest rate hikes Reducing premiums with lump sum payments of $5,000 per year
16	Life insurance Conversion privilege: permanent life insurance without evidence of insurability before age 65 for an amount equal to the mortgage balance when the request is made
17	Life insurance Extension: In addition to the conversion privilege, your HPP plan extends the insurance coverage for a period of 45 additional days following the death of the spouse, for joint coverage, at no extra cost!
18	Life insurance Double payment: For a joint insurance coverage, a double payment will be paid if one spouse dies within 45 days of another spouse!
19	Life insurance Beneficiary: You can name a beneficiary other than the lender. Advantages: control over the benefit take advantage of a favourable interest rate situation at death
20	Product structure
21	"1 person in 3 will..." 1 person in 3 will suffer from a more or less extended disability before the end of their loan amortization period The average duration of a disability that lasts more than 90 days is 2.9 years
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24	Disability insurance At each insured’s choice Age at issue: 18 to 54 Two levels of coverage: 50%; 100% both insureds can opt for different coverage Waiver of premium included
25	Disability insurance Two benefit duration choices: 2 years duration of the loan (before the insured reaches age 65) Disability must occur before age 60 Waiting period: 3 months (retroactive to 1 month)
26	Disability insurance Definition of disability: First 24 months: regular occupation afterward: any occupation Relapses are covered with no waiting period for the same cause, within 3 months
27	Product structure
28	Critical illness The critical illness option provides for the payment of a lump-sum amount, equal to 100% of the mortgage balance, following the diagnosis of the following critical illnesses:
29	Covered critical illnesses Cancer Stroke Heart attack Coronary artery bypass surgery Kidney failure Major organ transplant Multiple sclerosis Coma Paralysis Dismemberment
30	Critical illness The lump-sum payment can be used as you wish: pay off the mortgage balance; pay medical fees to receive treatment abroad; pay for home nursing care; allow your spouse to go on unpaid leave; etc.
31	Critical illness Level and guaranteed premiums Issue age: 18 to 64 Face amount: 100% of the loan balance Duration of the protection: duration of the loan amortization period (max. 30 years) to age 75 if before
32	Critical illness Joint insurance: benefit payable on the first diagnosis of a critical illness (Terminate the contract) in the case of simultaneous diagnosis of both insureds: double benefit
33	Product structure
34	Additional benefits For a few $, you can add the following additional benefits: terminate the payment of your premiums during a period of disability; possibility to double the payment of the face amount in the event of accidental death or accidental death and dismemberment obtain an additional benefit in case of accidental fracture.
35	The only REAL mortgage insurance!