• You have a variable rate mortgage for which the mortgage payment fluctuates regularly
• You renew a fixed rate mortgage with the same amortization period
• You switch from a fixed rate mortgage to a variable rate mortgage or vice versa with the same amortization period

A typical disability insurance policy will entitle you to regular monthly payments in the event you become disabled. If you signed up for disability insurance to cover a $1000/month mortgage payment and have any changes to your mortgage payment you could end up either under or over insured.

Once you’ve received your Mortgage Protection Plan certificate of insurance we’ll pay your mortgage payment on your disability claim up to $10,000/month no matter how much it changes.