Home ownership in Ajax is one of the biggest investments Canadians usually make. They use their savings as a down payment and need a mortgage from a bank or financial institution to purchase a home. One of the major expenses they incur every year is the mortgage payment.
In about 75% of Canadian households, the main breadwinner is responsible for the majority of everyday expenses, so if the breadwinner passes away, it would be difficult to pay off the mortgage. This is not always the case.
Even though the primary breadwinner of your household passes away, the survivors will struggle to make mortgage payments. However, our mortgage life insurance is a quick, easy, and low-cost way to protect your family. When the income earner dies, this coverage will pay off the mortgages, allowing you to remain in your home safely.