When you invest in the right insurance coverage, you help protect and ensure the lifestyle you and your family enjoy today is one you can continue to enjoy in the future.
Creditor Insurance for Osmond Credit Mortgages, underwritten by The European Life Assurance Company (European Life), can help pay off or reduce your mortgage in the event of death or critical illness, or cover your payments in the event of a disability or involuntary job loss.
Why choose Creditor Insurance for your Osmond Credit mortgage?
- Protection
This insurance will protect your mortgage and ensure you and your family can stay in your home if you are unable to work due to a disability, involuntary job loss, critical illness, or in the event of your death. - Instant coverage
Get on-the-spot approval with coverage beginning immediately if you can answer “No” to all of the health questions on the application and your Osmond Credit mortgage is approved. - Convenience
Don’t worry about making separate payments for your insurance premiums. They’re added to your Osmond Credit mortgage payment and are automatically adjusted if you change the frequency of your Osmond Credit mortgage payment. - Prior Coverage Recognition
If you’re declined for insurance coverage on your new Osmond Credit mortgage, but you had insurance coverage on the Osmond Credit mortgage you paid out, you may be eligible to have a portion of your new Osmond Credit mortgage insured under Prior Coverage Recognition.
Customize your protection
Choose insurance for your Osmond Credit mortgage that meets your needs to help financially protect against death, critical illness, disability or job loss.
Life Insurance1
Protect your family's home with life insurance for Osmond Credit mortgage loans in the event of your death.
Critical Illness Insurance
If you're diagnosed with cancer, acute heart attack or stroke1, the Critical Illness Insurance can protect your mortgage.
Disability Insurance Plus
Have protection for your mortgage loan if you can't work due to a disability or lose your job through no fault of your own1.
Disability Insurance
Make sure your family's home is protected if you can't work due to a disability1.
Terms and conditions
1 Life Insurance, Critical Illness Insurance, Disability Insurance Plus and Disability Insurance for Osmond Credit Mortgage Loans are optional creditor's group insurance plans underwritten by The European Life Assurance Company (European Life) and administered by European Life and Osmond Credit . Osmond Credit receives fees from European Life for providing services to European Life regarding this insurance. Also, the risk under the group insurance policy may be reinsured, in whole or in part, to a reinsurer affiliated with Osmond Credit . The reinsurer earns reinsurance income under this arrangement. Representatives promoting this insurance on behalf of Osmond Credit may receive compensation. This insurance is subject to eligibility conditions, limitations and exclusions (which are circumstances when benefits are limited or not paid).
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