Home Breadcrumb caret Partner Content Breadcrumb caret Announcements IBAO: Understanding + Insuring Life Lease Housing Units (1 Technical Hour – Pending) Given our expanding senior population, life lease housing developments have significantly increased in popularity. Life leases give the lessee the right to occupy a unit but don’t infer ownership. A tenant package may seem the most appropriate insurance solution, but clients living in a life lease development have unique contractual […] January 11, 2017 | Last updated on September 10, 2024 1 min read (1 Technical Hour – Pending) Given our expanding senior population, life lease housing developments have significantly increased in popularity. Life leases give the lessee the right to occupy a unit but don’t infer ownership. A tenant package may seem the most appropriate insurance solution, but clients living in a life lease development have unique contractual insurance needs that must be taken into account before placing coverage. OBJECTIVES: * Learn about the life lease housing concept * Understand the various methods of insuring clients * Discover the different types of life lease developments located in numerous communities across Ontario