If you are a homeowner, taking steps to protect your house and your family is critical. 20/20 mortgage life insurance is designed to pay off your entire mortgage in the event of your unexpected death or disability, ensuring your loved ones always have a roof over their heads.

While owning a home can be exciting, taking out a mortgage is a scary prospect. This is especially true if you are the primary breadwinner of your family - what would happen to your loved ones, and your home if something were to happen to you?

Mortgage life insurance is designed to pay off your mortgage if you meet an early death or your health impacts your ability to earn, thus ensuring that your family is able to live in your home debt-free.

Investing in such a policy has many benefits, including:

  • It gives you peace of mind, knowing your family is taken care of
  • It allows your family to financially cope in times of difficulty
  • Your family will always have a roof over their heads
  • Your beneficiary can use the insurance funds to pay off bills and other expenses

20/20 Mortgage Life Insurance Works to Take Care of Your Loved Ones

The team of financial experts at AIME have developed 20/20: Canada’s first digitized paperless Mortgage Life Insurance product. It was designed with the aim of making MLI and disability coverage as convenient, fair, and affordable as possible.

Want to know more?

20/20 Mortgage Life Insurance

4 Ways 20/20 Mortgage Life Insurance is Different Than Traditional Mortgage Life Insurance

There aren’t many things that can give you the peace of mind that comes from knowing your family will be taken care of at the time of your death, especially if you are the primary breadwinner.

20/20 Mortgage Life Insurance allows your loved ones to live in a debt-free home, so no matter what happens they’ll always have a roof over their heads.

Feeling wary about purchasing MLI?

At AIME, we are aware of the limitations associated with traditional bank-issued MLI, which is why we have developed a product that is much more transparent, affordable, and convenient.

Here are 4 ways 20/20 MLI is different from traditional bank-issued MLI:

1. We Offer Lower Premiums

Our team strives to provide customers with a simplified and straight-forward insurance process, while also offering you a very accessible and affordable product. We are able to do this because our operating costs are significantly lower than a bank’s.


What does this mean for you? Over the course of your mortgage, we can help you save thousands of dollars. In addition, our licensed insurance advisors are always available to discuss your unique and changing needs, and find the most cost-effective solutions for you.

2. No Extensive Medical Underwriting is Required

The underwriting guidelines for our mortgage life insurance are more lenient than they are for other types of insurance. One of the biggest benefits of 20/20 MLI is that you don’t have to undergo an extensive medical examination.

To be approved:

  • No blood work is required
  • No physicals or medical examinations are needed
  • You must simply answer 5-6 health questions

How will I know if I am approved? Based on the questionnaire we give you, our team will confirm online, or through an agent, whether or not you have been approved. If you have, a policy will be sent out by email.

3. You Can Choose Your Own Beneficiary

One of the reasons people are so hesitant to purchase bank issued MLI is because your payout will go to your lender, not those who matter most - your family. With 20/20 MLI, not only will you get comprehensive coverage, but you’ll also have the freedom to choose your beneficiary.

This will:

  • Put you in total control of your MLI policy
  • Ensures that your payout goes to your loved ones and not the lender
  • Allow your family to use the money in a way that is best suited to their needs

Why this is important: When you purchase 20/20 MLI, you can rest assured that your payout will go to the people who matter most to you, not a lender. This means that your family will have what they need to financially protect their future and can use your funds to pay:

  • Your mortgage
  • Credit card bills or other debts
  • College or university education


4. You Can Enjoy Incredible Convenience

One of the main goals when creating 20/20 MLI was to create a product that was more accessible and convenient than traditional MLI, which is why you can purchase your policy online, making the whole process easier and more simplified.

Not comfortable doing it online? That’s okay! You can also talk with one of our licensed advisors and they can help guide you through the entire process and address any concerns or queries you may have.

Join the AIME Family Today

For more information on how we can provide you with an affordable, transparent, and completely customizable MLI product, contact one of our licensed advisors at 1-844-974-2020 or fill in our online contact form.

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