Mortgage Life Insurance


It’s term life insurance - simplified

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Term Life Insurance & Your Mortgage

Owning a home is a meaningful milestone that you should be proud of, but the financial responsibility that comes with having a mortgage can be daunting. If you pass away, your partner can be liable to cover the remaining mortgage costs.

Leaving this expense to your family is a substantial financial strain that can be difficult to take on without you. It is possible that your partner may have to sell the home and uproot the family to cover the costs.

Termlite’s straightforward and affordable term coverage will help ensure that your loved ones will always be protected from mortgage costs. A Termlite plan’s benefit can pay off your mortgage and allow your family to keep their home if something happens to you.

What makes TermLite special


From application, to approval, to getting your policy - the process is fast and hassle-free.


No 100-page health questionnaires to go through, in fact, no paperwork at all.

No Medical

No doctors, no needles, no waiting around for results. None of the frustrations of applying for life insurance.

How much coverage can I get?

You can get up to $1,000,000. The maximum amount will depend on your age and answers to qualifying questions.

Can I apply?

As long as you are a Canadian resident between the ages of 18 to 70 you are eligible to apply.

How long will the coverage last?

You can choose to be protected for 10, 20, 30 or 100 years.

What about the premiums?

Premiums are dependent on age, gender, smoking status, and a short qualifying questionnaire. Your premiums are guaranteed to stay the same for the duration of the policy.

Can I renew my policy at the end of the term?

You can renew your policy yearly without a medical exam.

What if I change my mind?

No problem! You have 10 days to look over your policy and make sure it’s right for you. If not, let us know, and you’ll get a full refund.

Here’s how this all works

Complete a quick, 30 seconds quote request. Yes, it’s that fast.
One of our friendly advisors will reach out to you and ask you a few health questions to provide a personalized quote.
If you are happy with the quote and the protection the plan offers, you can complete your application right over the phone with the advisor.
Following a super short approval time you can choose to have your policy emailed or mailed to you. You’re covered and stress-free.

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