Mortgage loan insurance

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%
  

The promotional offer is valid from March 1, 2021 to October 31, 2021 (the "promotional period").

This offer is intended for individual National Bank clients who take out a mortgage of $100,000 or more and sign up for 3 or more types of loan insurance (life, disability and critical illness) during the promotional period. The cashback amount varies based on the number of types of coverage taken out by the borrower and co-borrowers, if any, and the amount of the loan covered by life insurance. The client must sign up for mortgage insurance when the loan is granted or by the time the loan is disbursed. The mortgage insurance application must be signed during the promotional period.

This offer can be applied to a new purchase, external refinancing or mortgage transfer. The financing must be for a residential dwelling with 1 to 6 units. Mortgage renewals, internal refinancings and mortgage renegotiations are excluded from this offer.

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

If all conditions are met:

• The first half of the cashback will be paid out during the month after the loan is disbursed
• The remaining half of the cashback will be paid out 6 months after the loan is disbursed

The cashback will be paid via two (2) deposits to the bank account mortgage payments are collected from, no more than 30 days after terms and conditions are met. No insurance claims must have been accepted for the loan within the first 6 months after disbursement, for all parties insured. To qualify for the full cashback, the client must keep all types of coverage they took out at the time of disbursement, without changing the coverage amount, for 6 months following loan disbursement and must be up to date on their mortgage payments. Employees of National Bank and its subsidiaries and entities are eligible for this offer.

The offer may be modified, extended or withdrawn at any time without prior notice. The offer may not be combined with any other National Bank offer, promotion or benefit and is not retroactive. There is a limit of one cashback per eligible mortgage for the entire promotional period, regardless of the number of co-borrowers. A client may not take advantage of this offer more than once.