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Serving Canadian families · Vancouver, BC
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Mortgage insurance — protect your home and family
Service · 05 / 10

Mortgage Insurance

Protect your home — your way. Better coverage than what your bank offers, owned by you, payable to your family. Keep the home, keep the choice.

// Independent of Your Lender

Your home, your beneficiary, your choice.

When you take out a mortgage in Canada, your bank usually offers mortgage life insurance. The problem? The bank is the beneficiary, the payout decreases with your balance, and coverage ends if you switch lenders. We do it differently.

You Own It
Take it with you if you switch lenders, refinance, or sell and buy a new home — no requalifying.
Family First
Tax-free payout goes to your spouse or family — they decide how to use it, not the bank.
Level Coverage
Unlike bank coverage that shrinks as you pay down the mortgage, our coverage stays at full value.
Better Price
Private mortgage insurance typically costs less than bank-offered coverage — for stronger protection.
Protect your biggest asset.
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// Side-by-Side

Bank mortgage insurance vs Kinsure coverage.

The same monthly cost — but a very different outcome. Here's the honest comparison most banks don't show you at signing.

Feature
Bank Mortgage Insurance
Kinsure Coverage
Who gets the payout?
Bank / lender
Your family (you pick)
Coverage amount over time
Decreases as mortgage shrinks
Stays at full coverage
If you switch lenders
Cancelled — must re-apply
Comes with you
Health underwriting
Done at claim — can be denied
Done upfront — claim is paid
How payout can be used
Only pays off the mortgage
Anything — debts, school, living
Cost
2.8% – 4% of mortgage
Often lower, fixed monthly
// Coverage Benefits

What makes Kinsure mortgage coverage different.

A personally-owned term life policy tuned to protect your home — with flexibility the bank can't match.

01

Tax-Free Payout

100% tax-free lump sum directly to your named beneficiary.

02

Portable Policy

Take it with you when you sell, move, or refinance — no requalifying.

03

Level Death Benefit

Coverage stays at full value even as your mortgage balance shrinks.

04

Locked Premiums

Monthly cost stays fixed for your entire term — no surprises at renewal.

05

Upfront Underwriting

Health questions answered at signup — claims paid without dispute later.

06

No-Medical Often

Coverage up to $500k–$1M typically approved without a medical exam.

07

Add Riders

Layer critical illness or disability protection onto the same policy.

08

Free Look Period

10–30 days to review your policy and cancel for a full refund if needed.

Mortgage protection that puts your family first
The Bank's Hidden Cost
// The math most Canadians miss

After 15 years of bank mortgage insurance — you may have paid 15 years of premium for half the coverage you started with.

Source · RBC Insurance · Manulife creditor coverage comparison
// Process Overview

Switching is simple.

Already have bank mortgage insurance? Replace it in 4 easy steps — without losing coverage for a single day.

01

Free Comparison

We'll show your current bank coverage vs personally-owned options side-by-side.

02

Lock in New Policy

Apply for the Kinsure-recommended policy — coverage approved usually within 48 hours.

03

Activate Coverage

Once your new policy is in force, you have continuous protection — no gaps.

04

Cancel Bank Coverage

We help you cancel the bank's mortgage insurance and pocket the savings.

Common Questions.

What Canadian homeowners ask before replacing their bank coverage.

Why is bank mortgage insurance worse?
Bank mortgage insurance has the bank as beneficiary, decreases in coverage as you pay down the mortgage, ends if you switch lenders, and underwrites at claim time (which can lead to denials). Personally-owned mortgage life insurance fixes all of that — you own it, family gets the money, coverage stays level.
Can I switch if I already have bank coverage?
Yes — and you should review whenever your mortgage renews. We help you put a new policy in force first, then cancel the bank coverage. There's no gap in protection. Many clients save money and get better coverage in the process.
Do I need a medical exam?
For most amounts under $500k–$1M and applicants under age 50, no medical exam is required. You complete a health questionnaire and coverage is often approved within 24–48 hours. Larger amounts may need a quick at-home medical visit, which we arrange for free.
What if I refinance or sell?
Your policy comes with you. Unlike bank coverage which ends when you switch lenders or sell the home, your personally-owned policy continues — even if your new mortgage is larger. You won't need to requalify based on your current age and health.
Is this the same as CMHC mortgage default insurance?
No — different product entirely. CMHC mortgage default insurance is required by the Government of Canada when you put less than 20% down. It protects the lender if you stop making payments. Mortgage life insurance protects your family if you pass away.

Protect what may be your biggest asset.

Free comparison vs your current bank coverage. Often saves clients money — always gives them better protection.

Compare My Coverage