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Group Mortgage Redemption Insurance (GMRI)

Insurance coverage that protects outstanding mortgage and long-term loan balances under a group policy.

  • Coverage for outstanding mortgage loan balances

  • Decreasing coverage in line with loan repayment

  • Benefits directly payable to lending institutions

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Group Mortgage Redemption Insurance (GMRI)
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Why Choose This Plan

Protection that helps secure long-term financial commitments

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Group Mortgage Redemption Insurance helps ensure outstanding mortgage and long-term loan balances are covered in the event of a borrower’s death, protecting their family from remaining financial obligations. It also helps lending institutions manage loan risk and maintain financial stability.

Key Features & Benefits

Features of the Group Mortgage Redemption Insurance Plan

Covers borrowers under a group policy in case of death from any cause

Coverage amount equivalent to the borrower's outstanding loan balance

Coverage decreases in line with loan repayment schedule

Benefit is payable directly to the lending institution

Peace of mind for families, financial protection for institutions

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The Group Mortgage Redemption Insurance Plan is recommended for
Recommended For

The Group Mortgage Redemption Insurance Plan is recommended for

Banks

Credit Unions

Financing Companies

Savings & Loan Associations

Appliance Dealers

Automobile Dealers

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Interested to learn more about this Group Plan? Our advisors are ready to assist you every step of the way.

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