204-867-6350 info@minnedosacu.mb.ca

Insurance Services

SINGLE PREMIUM LOAN LIFE INSURANCE

  • Decreasing or Level Term coverage helps pay off or reduce the outstanding indebtedness in the event of death.
  • Maximum $100,000 coverage per loan
  • Maximum insurance term of 10 years
  • Ages 16-65 are eligible if able to perform his or her normal activities on the loan date.
  • Single premium – can be added to loan or paid cash
  • Single and multiple coverage for up to 4 debtors
  • Some exclusions do apply

SINGLE PREMIUM LOAN DISABILITY INSURANCE

  • Helps to make the payment when the borrower has a covered sickness or injury
  • Must be disabled 30 days or more with a doctor’s certificate.
  • Maximum coverage of $ 1,500 per month for a maximum of 72 months
  • Stops once loan is paid out
  • Any member who is gainfully employed a minimum of 20 hours per week and is between the ages of 16 and 60 can apply
  • Single premium – can be added to loan or paid cash
  • Single and multiple coverage for up to 4 debtors
  • Some exclusions do apply

 

LINE OF CREDIT LIFE INSURANCE

  • Life coverage to a maximum of $ 100,000
  • Premium charged is based on the previous month outstanding balance and is charged to the account monthly.
  • Ages 18-69 are eligible to apply
  • Some exclusions do apply

 

LINE OF CREDIT DISABILITY INSURANCE

  • Disability coverage to a maximum of 3% of the account balance on disability date (up to $ 3,000/month for 24 months)
  • Premium charged is based on the previous month outstanding balance and is charged to the account monthly
  • Borrower must be actively at work not less than 20 hours per week.
  • Ages 18-59 are eligible to apply
  • Some exclusions do apply

 

MORTGAGE LIFE INSURANCE

  • Decreasing term insurance providing coverage on mortgage loans
  • Coverage available from $20,000 to $500,000
  • Maximum term of insurance is 30 years
  • Ages 18-65 may apply
  • Single or joint coverage available
  • Disability coverage available
  • Non-smoker rates available
  • Some exclusions do apply

 

MEMBER LEVEL TERM LIFE INSURANCE

  • 10 year level term insurance coverage available to cover personal debt
  • Coverage can be provided from $5,000 to $500,000 at low affordable group rates
  • Ages 18-65 may apply
  • Coverage is guaranteed to age 75
  • Non-smoker rates available
  • Some exclusions do apply

These insurance products are underwritten and administered by Canadian Premier Life Insurance of Canada