Mortgage loan insurance

The promotional offer is valid until January 31, 2025.

This offer applies to Personal Banking clients of National Bank who take out a mortgage loan of $100,000 or more during the promotional period and sign up for 3 or more types of insurance coverage (life, disability, and critical illness). The amount of the cashback varies depending on the amount of coverage taken out by the borrower and their co-borrowers, if applicable, and the amount of the loan covered by life insurance. The client must sign up for mortgage loan insurance when the loan is granted or, at the latest, 30 days after the loan is disbursed. The mortgage loan insurance application must be signed during the promotional period.

This offer applies to a new purchase, external refinancing, or mortgage transfer. Mortgage renewals, internal refinancing, mortgage renegotiations and mortgage loan integrated in an All-In-One are excluded from the offer. Financing must be for a residential dwelling with 1 to 6 units.

The cashback amount can be up to $1,000.

Amount covered by life insurance from $100,000 to $399,999.99

Amount covered by life insurance of $400,000.00 and more

If all conditions are met:

• The first half of the cashback will be awarded no later than 2 months after de loan is disbursed.
• The remaining half of the cashback will be awarded no later than 6 months after the loan disbursement.

The cashback will be deposited in two portions to the transaction account from which mortgage payments are collected, within 30 days of the conditions being met. No insurance claim must have been accepted for your loan within the first 6 months of disbursement for all insured persons under the agreement. To benefit from the full cashback, the client must keep all the coverage to which they subscribed at disbursement for 6 months after the loan is disbursed and must be up to date with their mortgage payments.

The offer may be modified, extended, or withdrawn without prior notice at any time. The offer may not be combined with any other National Bank offer, promotion, or benefit, other than the ones mentioned in this leaflet, and cannot be applied retroactively. There is a limit of only one cashback per eligible mortgage for the duration of the promotion, regardless of the number of co-borrowers. Clients cannot benefit from the offer more than once.

TM All-In-One is a trademark of National Bank of Canada.

1. Subject to the terms and conditions of the insurance agreement, particularly with respect to the coverage period and maximum coverage amounts. Details are available in the FAQ and Summary.

Tax on premiums:

• Quebec: 9%
• Ontario: 8%
• Manitoba: 7%