Insurance broker launches mortgage protection product

First Foundation of Edmonton has launched a new lay-off insurance product in response to client demand. As Alberta’s unemployment rate edges higher due to the energy sector’s downturn the new policy is likely to attract a lot of interest from workers concerned about losing their homes. President of the brokerage, Gord McCallum told the Edmonton Journal that he began looking into the product after a client asked for it last fall: “Unfortunately it’s a product suitable for the times,” he said. Among the conditions for eligibility there must be no prior knowledge of the lay-off within 90 days of the claim and the policyholder must have a mortgage. Payments will be paid directly to the mortgage lender when a claim is made.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Hammond, Pokemouche, Chance Harbour, Shemogue, Cumberland

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?