In Scarborough, home ownership is a major investment for most Canadians. Savings are used as a down payment, and mortgages are obtained from banks and financial institutions. Their mortgage payment is a major expense each year.
A staggering 75% of Canadian households rely on their primary breadwinner to pay the bills monthly, and they may have difficulty paying off their mortgage when the earner passes away. There’s an alternative, though.
Despite the death of your primary breadwinner, your survivors will have trouble paying the mortgage. It is easy, quick, and affordable to protect your family with our mortgage life insurance. The coverage will pay off the mortgages if the income earner dies, allowing you to stay in your home.