Unity Life of Canada and Home Trust Company today announced that they have entered into an agreement to offer creditors’ life insurance to Home Trust’s customers under a Group Creditor Life Insurance Policy issued by Unity Life to Home Trust.

While the terms of this agreement have not been disclosed, the companies say this relationship represents a major growth opportunity for both organizations.

For Unity Life, it marks the company’s first entry into the Group Creditor mortgage protection marketplace.

Anthony Poole, President and CEO of Unity Life of Canada stated: “We welcome the opportunity to offer insurance products to Home Trust’s growing client-base. This is our first step in building what promises to be a mutually beneficial relationship.” This business relationship with Home Trust continues Unity Life’s growth and commitment as one of Canada’s leading niche insurance carriers.

The agreement enables Home Trust to offer expanded services to its customers. “We have had numerous requests from our customers for mortgage life insurance”, said Nick Kyprianou, senior vp and COO. “It allows us to meet the needs of our customers and enables us to diversify into additional product offerings.”

Based in Mississauga,Ont., Unity Life currently has more than 175,000 policyholders, $13 billion of insurance inforce, and over $500 million in assets.

Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and credit card issuing services.