Do you need mortgage life insurance in Canada?

Mortgage life insurance helps you protect your investment in your property. The death of the primary earner in the family can make it challenging to keep up with the bills. Most Canadians would have difficulty paying their mortgage and living expenses if their partner were to pass away. This insurance can put your mind and pocketbook at ease.

Coupled with home insurance it can help you protect your property and family’s future. It is an affordable solution to ensure your mortgage is covered.

Below we will explain mortgage life insurance, talk about how it works, who should get it, and answer questions about this specialized type of life insurance.