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It's About More
Than Just Insurance

Your home may be your greatest asset, but at the end of the day, the most important thing in life if family. With the rise in illness, household debt at an all-time high and Canadians carrying bigger mortgages, financial protection is more important today than ever. That’s why Mortgage Protection Plan® (MPP) was created.

0 %

of MPP claims are made within the first 2 years of a mortgage.

1 in 1

Canadians will be disabled for 90 days or more before age 65.

0 %

of Canadian households would have difficulty paying everyday living expenses if the primary wage earner were to pass away.

0 %

of deaths in Canada are caused by heart . disease, making it the second leading cause of death in Canada after Cancer.

1 in 1

Canadians will develop cancer in their lifetime. Cancer can affect people of all ages.

0 months

is the average length of time disabled claimants are off work.

Manulife Mortgage Protection Insurance

As exciting as buying a home is, it’s more than just a place to live. It’s the place where life happens. Mortgage Protection Plan® is about more than just insurance/ It’s about helping to make sure the people you love are protected.

2 options to suit you needs

Mortgage Life Insurance*

  • Help ease the financial strain on your loved ones with coverage that will pay the mortgage balance if the insured mortgage holder passes away.
  • Manulife can provide coverage for up to $1 million per person

Unique Feature: Life Bridge Benefits mean that Manulife will cover mortgage payments until your submitted life claim is settled. You’ll have the money you need, when you need it.

And/Or

Total Disability Insurance*

  • If you are totally disabled for 60 days or more, we will cover your monthly mortgage payments, so you can focus on getting better.**
  • Manulife can provide coverage for up to $10,000 per month for a combined maximum of 24 months.

Unique Feature: You’ll even receive a disability bonus payment to help you get back on your feet once you return to work if you haven’t already received the maximum number of payments.

Who Can Apply?

  • Canadian residents 18 – 64
  • You are the borrower, co-borrower or guarantor
  • You are applying for a residential mortgage

Sources:
Canadian Cancer Society, Canadian Caner Statistics, 2017
Statistics Canada, 2018
Manulife Bank Survey on Canadian Home Ownership, 2017
Data from 10 years of Mortgage Protection Plan insurance claims
Canadas Life and Health Insurance Association, A guide to disability insurance, January 2016
LIMRA, Canadian Life Insurance Ownership, Household Trends, 2013
Mortgage Creditor Claims Reports, 2016.

*Additional conditions and limitation may apply. ** Total disabled means that you cannot perform the essential duties of your normal job due to illness or injury (if you are employed) or you have difficulty with two or more daily activities like eating, getting out of bed, dressing, toileting or walking (if you are unemployed). Accessible formats and communication supports are available upon request. Visit Manulife.com/accessibilty for more information. Mortgage Protection Plan® (MPP) Insurance is underwritten by The Manufacturers Life Insurance Company (“Manulife”). Credit Security Insurance Agency Inc. (“CSIA”) and its appointed agents provide insurance sales services. CSIA is an affliate of Manulife. Manulife, Manulife & Stylized M Design, Stylized M Design and Mortgage Protection Plan are trademarks of The Manufacturers Life Insurance Company and are used by it, and by it’s affiliates under license. Manulife, P.O. Box 4213, Stn A, Toronto, ON M5W 5M3. © 2018 The Manufacturers Life Insurance Company. All rights reserved.