May 12, 2022
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Your home is one of the biggest purchases you’ll ever make. Help protect it and your financial future with the right insurance coverage.
Applicant’s Information
Buying a house is probably one of the largest investments you’ll make in your lifetime and your mortgage will likely be your biggest annual expense. In the event of your death, your dependents may not be able to afford regular mortgage payments. That’s where mortgage life insurance comes in. Complete the form below to get a mortgage life insurance quote and expert advice from a life insurance broker today:
Mortgage life insurance isn’t always the best, but it does have some advantages over a stand-alone policy.
Mortgage life insurance can be worth it if you have a large mortgage debt that you wouldn’t want to pass on, and you can’t qualify for other types of life insurance. Keep in mind that the premiums you pay will always stay the same while the payout of your mortgage will decrease as you pay it off. You can always speak to an insurance broker to find the type of insurance that best suits your needs.
There are many companies in Canada that offer mortgage life insurance, but we make it easy for you through our online quote comparison tool. After providing us with a few details, you’ll be able to view multiple options a once and compare the cost. We’ll then connect you with a licensed life insurance broker who will guide you with your purchase of mortgage life insurance.
Yes, you can cancel your mortgage life insurance at any time. Some financial institutions will also refund your payments if you cancel within the first 30 days.
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