Mortgage Insurance
Safeguard Your Home and Family
Mortgage Insurance is essential for protecting your home and ensuring your family’s financial security in case of unexpected events. With Canadians owing $2.06 trillion in household debt, a significant portion of which is tied to residential mortgages, it’s crucial to have coverage in place.
Mortgage insurance helps by paying off the outstanding balance of your mortgage if you pass away. It also provides coverage for your monthly mortgage payments if you’re unable to work due to illness or injury, or offers a lump-sum payment if you’re diagnosed with a critical illness. This safety net ensures your loved ones can remain in their home without the added financial burden during difficult times.
Reasons to consider Mortgage Insurance:
Mortgage Insurance offers essential protection for homeowners, ensuring that your mortgage is covered in the event of unforeseen circumstances such as death, illness, or injury. With the rising cost of living and household debt, it’s crucial to secure your home and provide peace of mind to your family.
This coverage helps protect your most significant investment and ensures your loved ones are not burdened with mortgage payments if something were to happen to you.