SIMLINSUR – Your All-in-One Insurance Partner

In Canada, every time you apply for credit — whether a mortgage, car loan, or credit card — you are required to be offered insurance coverage designed to protect the debt obligation.

At Norseman Mortgages, a proud member of M3 Financial Group, we provide access to competitive mortgage, home, and auto insurance solutions through our in-house brokerage, Simplinsur.

Home & Auto Insurance Solutions

Simplinsur partners with leading insurers, including Intact, Aviva, Economical, Brownstone, and others. Our team delivers comprehensive coverage options at competitive rates, ensuring optimal value. You are always welcome to request a no-obligation quote, backed by the trust of 300+ five-star Google reviews.

Mortgage Insurance Solutions

All mortgage-related policies are underwritten by The Canada Life Assurance Company.

Three core products are available:

• Mortgage Life Insurance – Pays off the mortgage balance in the event of death.
• Critical Illness Insurance – Provides up to $500,000 in coverage upon diagnosis of a covered illness.
• Disability Insurance – Covers mortgage payments for up to 24 months in the event of disability.

While coverage is optional, you must either accept or formally waive insurance before your mortgage closes.

Key Considerations

When evaluating mortgage insurance, ask:

• What if an accident prevents you from making payments?
• What if a household income earner passes away?
• What if you are diagnosed with a serious illness?

Though difficult to consider, these scenarios highlight the importance of protection within a sound financial plan.

Flexibility & Advantages of Simplinsur Coverage

• Partial Coverage Options – Insure only part of your mortgage (minimum $250,000).
• Selective Coverage – Only the primary income earner could apply, if you choose.
• Portability – Policies move with you if you switch lenders or properties, unlike bank-issued policies.
• Locked-in Premiums – Premiums are based on your initial application and remain fixed, regardless of age or health changes.
• Outstanding Balance Protection – Coverage always aligns with the current mortgage balance.
• Cancelable Anytime – You may cancel your policy if your financial situation changes or a better solution is found.

Why It Matters

Many alternative insurance products on the market — such as term or whole life — are also underwritten by Canada Life, but function differently.

Mortgage insurance is a specialized product, designed specifically to safeguard one of your largest financial obligations.

At Norseman Mortgages, we are not only legally obligated but financially committed to presenting these solutions, as we view insurance as an essential component of prudent wealth and risk management.

Even if you initially decline coverage, you can apply for protection at any time during the life of your mortgage.

Call us if you have any questions.