Every year thousands of Canadians lose their jobs and quickly find themselves in financially precarious situations. According to the Office of the Superintendent of Bankruptcy, job loss is one of the main causes of personal bankruptcy in Canada. With layoff insurance you can get the protection you need, so in the unfortunate event that you lose your job, you won’t lose your home as well.
What is Layoff Insurance?
Call Us Today 780.432.8139
Protect Yourself From Job Loss
Losing your job is terrible, but losing your home due to layoff would be devastating.
Pays in addition to E.I. benefit
30-day money back guarantee
Portable, it moves with your mortgage
Rates don't change for up to 30 years
No contract, you can cancel anytime
"Most mortgage defaults are due to reduced ability to pay, especially including job loss."
- Canadian Association of Accredited Mortgage Professionals
Call Today 780-702-7678
Isn't that what EI is for?
Well, yes, and no. You see, EI is capped and doesn't provide enough coverage for most families...so layoff insurance can make your mortgage payments for you and you can use the EI benefits for other things. Also, because this is an insurance product that pays your mortgage, it doesn't reduce or cut into your EI benefits.
Can I get this after I've been laid off?
Sadly no...much like you can't get car insurance after you wrap your car around a pole, or disability insurance after your arm gets cut off. Sort of a "pre-existing condition" so to speak.
"A very professional and friendly team of brokers. They have looked after all my needs in a timely manner. I recommend there service to anybody looking for a new mortgage or a better insurance rate for there home or automobile. Highly recommended two thumbs up."
"Recently we contacted First Foundation for a quote for home and auto insurance. We experienced a prompt and professtional response. We are very thankful that we connected with the exceptional team at First Foundation for your insurance needs"
"My wife and I were just recently reviewing our various service providers, and decided to switch insurance brokerages on recommendation from a friend. We switched to First Foundation, and it was a great decision. If you are looking for an insurance broker, I highly recommend First Foundation."
-David Ainsworth, Edmonton
-M. Kroetch, Edmonton
-Drew Kardash, Edmonton