Protect your loan payments if life throws a curveball.
Your mortgage, rent, lines of credit, vehicle financing, and other monthly payments don’t pause when life does. This coverage is designed to help you keep up with regular payments – so you can focus on recovery, not financial stress.
One plan can help protect multiple monthly debts under a single claim.
Non-taxable monthly benefits (up to $10,000/month, depending on approval and selected options).
Coverage can move with you as loans change over time.
When health takes center stage, the bills don’t always wait.
If you had to stop working unexpectedly, the payments don’t stop. Mortgage. Rent. Minimums. Financing. Lines of credit. This is designed to help reduce the chance of falling behind when income is disrupted.
Emotional weight
Worry, pressure, and sleepless nights can compound the stress of recovery.
Financial ripple
Falling behind can quickly lead to late fees, debt stacking, and credit damage.
Business impact
For owners, a health interruption can hit both personal and business obligations at once.
How it works
If you become totally disabled due to an accident or illness, this can provide a monthly benefit designed to help you keep up with regular debt payments. The goal is simple: give you breathing room while you recover.
Monthly benefit
Designed to help cover regular loan and debt payments, depending on approval and chosen options.
Focus on recovery
Less panic about payments means more attention on getting better.
Waiting period options
You can tailor how soon benefits start based on your budget and needs.
One plan, multiple debts
Often can be structured to help protect multiple monthly debt payments under a single claim.
What payments can it help protect?
Depending on your situation and plan selection, it can be set up to help with regular payments such as:
- Mortgage payments
- Rent (primary residence)
- Lines of credit
- Credit cards
- Student loans
- Vehicle / recreational vehicle loans or leases
- Investment loans
No Mortgage?
No mortgage? Rent can be covered up to 100% for up to 2 years, depending on approval and plan selection.
Why people choose this approach
Some lender add-ons can be restrictive or unclear when it matters most. This is designed to be more flexible and easier to carry forward as your life changes.
You’re in control
You’re the policyholder (not the lender), and benefits are paid directly to you.
Clearer eligibility
Eligibility is established at purchase, rather than being re-judged later.
It can follow you
Coverage can often be transferred from loan to loan throughout the life of the contract.
Included features many people like:
- Premium break during disability after the waiting period (minimum 30 days)
- Immediate benefit payments for hospitalizations over 18 hours or day surgery
- Benefits can be adjusted with a gradual return to work
- Optional setup that can cover up to 125% of mortgage payments to include fixed expenses
Optional enhancements (based on needs)
- Partial disability options
- Extended benefit period beyond the first two years (for regular occupation coverage)
- Return of premiums option starting at age 55
- Coverage for a spouse without remuneration work (if applicable)
- Broader “full-time work” definition for seasonal/contract workers
Common Questions
Is this only for mortgages?
Not necessarily. It can often be structured to help protect various monthly debts. In some cases, rent (primary residence) can be included.
Do I need a separate plan for each loan?
Often, no. One contract can be structured to cover multiple regular payment obligations under a single claim.
How soon would benefits start?
It depends on your chosen waiting period and plan selection. There may be scenarios (like certain hospital/day surgery triggers) with faster benefit timing.
Can it follow me if I refinance or pay off a loan?
In many cases, yes—coverage can be transferable from loan to loan over the life of the contract.
Are there limitations or exclusions?
Yes. Every contract has terms, limitations, and exclusions. We’ll walk through these clearly before you decide.
Find out what you can qualify for
2Every situation is different…income, debts, occupation, and what you want protected. Fill this out and we’ll reach out within 1 business days.