As a member you’re eligible to apply for Term Life coverage to use as a low cost mortgage insurance alternative:
Term Life Insurance
Consider the following, if your mortgage insurance is with your bank:
- You may be paying much more than you have to.
- The bank remains the beneficiary — not your dependents.
- Coverage reduces along with your mortgage — but your premiums don’t.
The Engineers Canada-sponsored Term Life Plan covers the cost of funeral expenses as well as rent and other debt. Ensure you and your spouse are covered so neither of you will have to be uprooted if something were to happen. Learn more.
Take the step to prevent a serious accident from costing you your future.
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