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HomeProtector Insurance Has You Covered

You made a smart decision the day you enrolled in HomeProtector Insurance. With HomeProtector Insurance, you’re insuring much more than your mortgage balance—you’re also protecting your family’s lifestyle and the place they call home.

Here are just a few reasons to feel confident about your coverage...

Benefits Paid Out

With over $725,000 in benefits paid out on average each working day1, you can feel confident about your coverage if something happens.

Critical Illness Coverage

If you enrolled in critical illness coverage*, you have valuable protection in case you’re diagnosed with one of the 3 covered conditions—cancer, heart attack and stroke.

Disability Coverage

If you enrolled in disability coverage*, you’re covered for disabilities related to both your physical and mental health. You can even file a disability claim if you aren’t working.

Life Insurance Premiums Won’t Change

Your life insurance premiums are locked in2 and you won’t have to reapply unless you change your existing insured mortgage.       

Your Benefits Won’t be Taxed

Since benefits are non-taxable, 100% of the amount you are eligible to receive will go towards paying down your mortgage balance.                            

Additional Savings and Insurance

Now that your mortgage is protected, any additional savings and insurance you have may be preserved for your family’s other financial needs and obligations.

*Note: Depending on what you purchased, you may have Life Coverage only, Life and Disability coverage, or Life and Critical Illness coverage. If another person is insured on your mortgage, their coverage could vary from yours. If you have any questions about your coverage, please call us at 1-800-769-2523.

Real Clients. Real Support.

Each year, nearly 6,000 clients rely on HomeProtector Insurance coverage3 to help their families through a difficult time. Here are just a few examples:

A child’s cancer diagnosis...

After their young child’s cancer diagnosis, a husband and wife struggled with stress and depression. Since their HomeProtector Disability Insurance covered both physical and mental health disabilities, they were able to make a claim for benefits.

A mom passes away soon after giving birth...

Several months after a devastating cancer diagnosis, a young mother tragically passed away, leaving behind her new baby. Her husband was able to make a HomeProtector Insurance life claim and their mortgage was paid off.

Two young children lose their father...

Shortly after moving his family into their new home, a young father passed away unexpectedly, leaving behind his toddler and new baby. With his HomeProtector Insurance life coverage, he was able to remove the mortgage burden from his grieving wife.

An active newlywed’s cancer diagnosis...

Shortly after getting married, a marathon runner was diagnosed with colon cancer. Because he had HomeProtector critical illness coverage, he was able to claim for benefits and have nearly half his mortgage balance paid.

A healthy mother’s heart attack...

The healthy mother of a toddler suffered a heart attack. After making a claim under her HomeProtector critical illness coverage, she was able to have her mortgage completely paid off.

An unexpected cancer diagnosis...

A mother of three with no previous medical concerns was diagnosed with cancer. With her HomeProtector critical illness coverage, she was able to have her outstanding mortgage balance paid off.

In a recent study, 71% of Canadians surveyed said that without their credit protection insurance, they did not know how they would cope financially if they were faced with an unexpected life event.4

We’re Here to Help

If you have questions about your coverage or need to make a claim, please call us.

Call 1-800-769-2523

Call 1-800-769-2523

(Monday-Friday, 8am-8pm, ET)

here.

®/™
Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
HomeProtector Insurance is underwritten by The Canada Life Assurance Company.
For complete terms and conditions, including benefits and exclusions, please see the HomeProtector Certificate of Insurance and for Quebec residents, the Fact Sheet and Product Summary.
1)
Data is for HomeProtector Insurance claims, on average, based on 2018 claims paid by The Canada Life Assurance Company.
2)
Your premium was locked in based on your age and mortgage balance when you applied. Your rate will not increase due to your age as long as your balance does not increase during the life of your mortgage and you don’t refinance your mortgage.
3)
Data source: The Canada Life Assurance Company, 2018
4)
The Canadian Association of Financial Institutions in Insurance (CAFII). (2019, June 18). Canadians Surveyed with Credit Protection Insurance Say it is a Convenient, Effective, and Affordable Form of Financial Protection for Mortgages and Loans. Retrieved June 21, 2019, from https://www.newswire.ca/news-releases/canadians-surveyed-with-credit-protection-insurance-say-it-is-a-convenient-effective-and-affordable-form-of-financial-protection-for-mortgages-and-loans-878036006.html.