Services Financiers AG - Financial security advisor in Quebec.
Français(418) 930-7860Get started
MORTGAGE INSURANCE

Protect your home
without depending on your bank.

The insurance offered by your lender has limits worth knowing. A private policy gives you more control: the beneficiaries you designate receive the capital, not the institution.

Talk to an advisor
Alexandre Garneau, Financial Security Advisor in Montreal, who helps homeowners with mortgage insurance.
Regulator and partners
Autorité des marchés financiers - AMF
iA Groupe financier, partenaire de Services Financiers AG.
Cabinet MRa, partenaire de Services Financiers AG.
Autorité des marchés financiers - AMF
iA Groupe financier, partenaire de Services Financiers AG.
Cabinet MRa, partenaire de Services Financiers AG.
WHY PRIVATE INSURANCE

An independent policy,
your family
decides.

Your bank's insurance is convenient, but limited. Alexandre analyzes your mortgage and your profile to offer protection that fits, and compares it with your lender's option.

See the detailed comparison
Your family is the beneficiary
Not the bank. In case of death, the capital is paid to the beneficiaries you designate.
Fixed coverage
The capital stays at the amount set in the contract, even as your mortgage balance decreases.
Portable policy
The policy belongs to you: it stays in force if you change banks or refinance.
Underwriting in advance
Your eligibility is assessed before the policy is issued, not only at the time of a claim.

Mortgage life insurance

In case of death, the capital set in the contract is paid to your beneficiaries, who can pay off the mortgage. Your family keeps the choice.

Learn more

Mortgage disability insurance

If illness or an accident prevents you from working, a monthly benefit set in the contract helps you keep up your mortgage payments.

Learn more

Mortgage critical illness

Diagnosis of an illness covered by the contract entitles you to a lump sum, which you can use to ease your mortgage.

Learn more
AN IMPORTANT COMPARISON

Bank insurance vs private insurance

Your bank will offer its own product - that's normal. Here are the differences to check, in general.

Criterion
Bank insurance
Private insurance (Alexandre) ✓
Beneficiary
The bank
Your family
Coverage amount
Generally decreases with the balance
Amount set in the contract
Premium
Generally stays the same (coverage drops)
Set at underwriting, per the contract
Portability
Tied to your lender
Follows you if you change lenders
Medical underwriting
Sometimes checked only at the claim
Assessed before the policy is issued
Flexibility
Limited
Tailored to your needs

* Conditions vary by product and insurer. Alexandre analyzes your individual situation before any recommendation.

Already have your bank's insurance?

Alexandre can compare both options with you, at no cost.

Talk to an advisor
WHY ALEXANDRE

Why choose Alexandre
over your bank?

Alexandre reviews your file and recommends protection suited to your situation. No imposed product.

Learn more about our approach
Direct access
Talk directly to Alexandre, not a call center. Quick reply.
Needs analysis
Understands your mortgage situation before recommending. Free and no obligation.
Annual follow-up
Review of your file every year - at no extra cost.
Alexandre Garneau, Financial Security Advisor - Services Financiers AG
FAQ

Your questions about mortgage insurance

What's the difference between the bank's mortgage insurance and private insurance?
With the insurance offered by the bank, the lender is the beneficiary and the coverage generally decreases with your balance, while the premium generally stays the same. With a private policy, the beneficiaries you designate receive the capital, it stays at the amount set in the contract, the policy follows you if you change lenders and your eligibility is assessed before issuance.
Is mortgage insurance mandatory in Quebec?
No, it is not legally mandatory. It can be useful to protect your family in case of death or disability. You have the right to decline your bank's insurance and compare with other options.
Can I replace my bank's insurance with a private policy?
Yes. It's important not to cancel your current insurance before the new policy is approved and in force. Alexandre analyzes your situation and guides you through the transition, based on your health profile and your mortgage.
What's the difference between mortgage life and disability insurance?
Life insurance protects your family if you die - the capital paid to your beneficiaries can be used to pay off the mortgage. Disability insurance pays a benefit, per the contract, that helps you make your payments if you can no longer work due to illness or accident. The two can be combined.
Does private mortgage insurance cost more than the bank's?
Not necessarily. Depending on your age and health, an individual policy can be more advantageous than the bank's insurance, and it gives you more control over beneficiaries, amount and portability. Alexandre compares the options available for your profile.
Your question isn't listed? Contact us →
FREE ANALYSIS

Let's analyze your mortgage coverage.

No obligation, directly with Alexandre, Financial Security Advisor, AMF certificate no. 272275. The analysis is free for you. It may lead to a product recommendation; if you buy, Alexandre is paid a commission by the insurer.

Review of your current policy
No obligation to buy
AMF certificate no. 272275 · iA Financial Group

An email or a phone number is enough.

Confidential. Used only to answer your request.