Buying a home is often one of the most significant investments a family will ever make. Mortgage protection insurance can help protect your loved ones in the event of an untimely death, disability, or a critical illness condition.
Mortgage protection insurance is an insurance policy that pays off your mortgage if you or another policyholder dies before your home's paid off. We recommend that joint mortgage policyholders have separate mortgage protection policies.
When purchasing mortgage protection, consider the number of years you have left to pay off your home and buy a policy that will last that amount of time.