A new alternative to mortgage insurance – OTIP LifePlan 10

Lenders have their way – OTIP has yours. Most lenders offer seemingly affordable mortgage insurance that’s as easy to apply for as ticking a checkbox, but are these policies offering you real value and protection? With typical mortgage insurance, your policy is tied to the loan, so as you pay down your mortgage, the value of your policy decreases.

OTIP LifePlan 10 offers a new alternative to mortgage insurance. Enjoy the benefits of this short-term life insurance product that offers exceptional value and convenience.

Get short-term life insurance that works on your terms. OTIP LifePlan 10 includes:

• Premiums that stay the same for the 10 years your policy is in effect
• Coverage that isn’t tied to the balance of your mortgage – your policy is always worth its original value
• Completely portable coverage that moves with you if you change homes or renegotiate your mortgage – no need to reapply!
• Coverage up to $1 million in increments of $25,000
• Fast underwriting so you’re covered quickly
• A fast and easy online application with a needs analysis and quoting tool
• Air Miles reward miles just for getting a quote

OTIP LifePlan 10 can be renewed every 10 years up to age 75, with coverage in effect until age 85.

Learn more!
OTIP LifePlan 10 provides outstanding value and flexibility. Learn more or apply now!

OTIP LifePlan 10 is a short-term (10 year) life insurance solution underwritten by Manulife Financial.