Mortgage Insurance
Protect more than your family's mortgage. Protect their future.
Quantus Financial is a licensed insurance provider. Canquest Mortgage is registered as an agent with Quantus Mortgage Solutions. We know that many of our clients require the expertise of a knowledgeable insurance professional to guide them through the complicated process of determining what kind of coverage you as a home owner may require. Quantus Financial offers the following types of products:
- Life Insurance
- Critical Illness
- Short Term and Long Term Disability
- Group Benefit Plans
- Special Business Owner Insurance Strategies
Our licensed insurance specialist: Derrick Gustavsen is always available to meet with our clients to discuss your special requirements. Derrick's phone# 403.901.3315 or email: dereck@quantusfinancial.com
| With most lenders' mortgage insurance... |
With Term 10 and Term 20 through Quantus Financial |
With Term 30 through Quantus Financial |
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| Do I own my policy? | No. Your lending institution holds the contract with the insurance carrier. | Yes | Yes |
| Is my coverage flexible if my needs change? | No. You cannot choose or alter your coverage amount or convert your policy to permanent protection. Should you move, refinance or renegotiate your mortgage, you cannot transfer your policy and will have to requalify. | Yes. You can choose the coverage amount that you need and can increase or decrease it or convert to permanent protection if your needs change.* And whether you move, refinance or renegotiate your mortgage, your coverage stays in place. | Yes. In addition to the benefits of Term 10 and Term 20, Term 30 also offers built-in options which allow you to either withdraw the value of the policy, or transfer the policy value tax-free into a permanent protection plan. |
| Can I choose the beneficiary of my policy? | No. Your mortgage provider is the beneficiary. | Yes | Yes |
| Can my family use the proceeds of the policy to cover needs other than the mortgage? | No | Yes. Your family can choose to use the tax-free death benefit for any purpose such as mortgage and debt payment and daily living expenses. | Yes. Provides benefits of Term 10 and Term 20. |
| Once I pay off my mortgage, will I still have life insurance? | No | Yes. Term 10 and Term 20 provide automatic renewal to age 80 with the ability to convert to a permanent plan. | Yes. Term 30 provides automatic renewal to age 100 with coverage for life. |
| Does the death benefit remain the same for the life of the policy? | Mortgage insurance only covers the outstanding balance of the mortgage. The benefits decrease as you pay off your mortgage, though the cost stays the same. | Yes | Yes |
| Is my coverage guaranteed? | No. Your bank can change your policy and rates at any time. | Yes. Your initial term and renewal rates are guaranteed for the duration of the plan. | Yes. Provides benefits of Term 10 and Term 20. |
| Can I tailor my plan to meet my needs and situation? | No | Yes. All of Quantus Financial's Term products offer additional benefits and riders. | Yes. In addition to the benefits of Term 10 and Term 20, Term 30 provides the flexibility of built-in options. |
| Are there any price advantages if I am a healthy non-smoker? | No | Yes. Our Preferred Underwriting program rewards clients for their healthy lifestyles with premium discounts. | Yes. Provides benefits of Term 10 and Term 20. |