‘Mortgage’ and ‘protection’ go hand-in-hand

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Why offer MPP creditor insurance?

Your clients count on you to help them get into the home of their dreams. But did you know that many would find it valuable if you also explained their protection options to them?1

It’s an important conversation to have. Life doesn’t always go according to plan. If your clients’ lives should be disrupted by the unexpected, mortgage protection can help take care of the mortgage and protect the ones they love most.

Not only will you be helping your clients, you’ll also be helping your business. Offering mortgage protection enables you to stand out from your competitors, provide more holistic advice and build stronger client relationships. 

Learn more about how we can help your clients

Contact us today at 1 (866) 677 4677 or email us at mppsupport@manulife.ca

Mortgage Protection Plan — coverage options

Mortgage life insurance

  • Pays off or pays down the mortgage in the event of death
  • Coverage up to $1 million
  • Flexibility to choose the amount of coverage that's most comfortable for your clients - 50%, 75% or 100%
  • Portable — coverage stays with your client even if they move or change lenders
  • Prior coverage recognition
  • Available for all residential mortgages

Mortgage disability insurance

  • Covers monthly mortgage payments if your client is totally disabled for 60 days or more
  • Pays up to $10,000 a month for up to 24 months
  • Flexibility to choose the amount of coverage that's most comfortable for your clients - 50%, 75% or 100%
  • Portable — coverage stays with your client even if they move or change lenders
  • Doesn’t impact any other Disability Insurance
  • Prior coverage recognition
  • Coverage for any employment, and with no financial review
  • Eligible applicants will be offered some level of protection
  • Available for all residential mortgages

Marketing materials

We want to make it as easy as possible for you to help your clients get mortgage protection, so we’ve pulled together the following resources.

For you

For your clients

Why mortgage protection?

Buying a home is a big decision and a really big financial commitment. Almost two-thirds of purchasers are being stretched by paying the maximum they can afford. If a primary breadwinner were to pass away or become disabled, it could cause significant financial stress. In fact, more than three quarters of Canadians say that they wouldn’t have the financial means to support their loved ones for two years if they were to become ill or pass away.4

Offering mortgage protection is a small step that you can take to help your clients feel more secure about their future and improve their home-buying experience.

But don’t just take our word for it. Listen to what real customers and a real mortgage broker have to say.

Limitations, exclusions or conditions may apply.  Apple is not a participant in or sponsor of this promotion. iPad Air® is a trademark of Apple Inc.

1. CMHC. 2021 Mortgage Consumer Survey Results.

2. To qualify, all submitted applications must be approved by underwriting and plan purchased by client. Reward is limited to one MacBook Air® per mortgage broker. Mortgage brokers must be contracted with Manulife on the day that MacBook Air® are awarded.

3. Apple MacBook Air – 13.3” – M1 – 8 GB RAM – 256 GB SSD – US. Subject to availability. Delivery times subject to change. The taxable benefit of the MacBook Air® will be the responsibility of the individual mortgage brokers to claim on their annual taxes. MacBook Air® is a trademark of Apple Inc., registered in the U.S. and other countries and regions. Apple is not a participant in or sponsor of this promotion.

4. Policyadvisor.com. Life insurance trends 2021.

5. Partial Coverage subject to eligibility criteria.

The Manufacturers Life Insurance Company (Manulife) Mortgage Protection Plan® (MPP) Insurance is underwritten by The Manufacturers Life Insurance Company (Manulife). Manulife, Stylized M Design, Manulife & Stylized M Design and Mortgage Protection Plan are trademarks of The Manufacturers Life Insurance Company and are used by it and by its affiliates under license. Manulife, P.O. Box 987, Stn F, Toronto, ON M4Y 2N9. © 2023 The Manufacturers Life Insurance Company. All rights reserved.