Your life insurance premium is based on your age and the amount of your mortgage at the time of application
If, when coverage begins, the total of all mortgages to be insured under HomeProtector exceeds $500,000, premiums will only be calculated on the $500,000 maximum, and the benefit paid will be pro-rated.
Your premium rate will not increase due to your age, provided your mortgage balance does not increase during the life of your existing mortgage
The cost of joint coverage is calculated by using the joint rate for the older person
