Mortgage Life Insurance in Quebec

For an example profile (35-year-old female, non-smoker, $500,000 Term 20), Instasure’s model estimates roughly $20.50–$29.50/mo as of October 2026. Your price depends on mortgage balance and amortization, age and health, whether you add disability or critical illness coverage and the insurer — get an instant personalised estimate, then a licensed advisor confirms real insurer quotes.

Yes. Individual life, critical illness and disability policies stay in force if you move within Canada — just update your address with the insurer. Health and dental plans may re-price by province.

Autorité des marchés financiers (AMF). Representatives and firms must be certified/registered with the AMF; online insurance offers require an AMF-registered firm with a representative available to consumers. Complaints about insurers can be escalated to the General Insurance OmbudService (home, auto, business) or the OmbudService for Life & Health Insurance.

No. Creditor life insurance offered at mortgage signing is optional. (It is different from CMHC/default insurance, which protects the lender when your down payment is under 20%.) You can protect your mortgage with a personal term policy instead.

Some creditor policies ask only a few health questions at signing and review your medical history in detail only when a claim is filed. If an earlier answer is found to be inaccurate, the claim can be denied. Individually underwritten policies settle these questions before the policy is issued.