For most people, a mortgage is the largest financial obligation they’ll ever take on. But what if something happens and you can’t keep up with payments?

Without a safety net, your family could:

• Face losing the home
• Inherit your debt
• Be forced to sell or downsize under emotional and financial stress

Mortgage insurance gives you peace of mind—knowing your home will be protected, no matter what.

✅ Pays off your mortgage if you pass away during the coverage period
✅ Protects your family’s home, removing a major financial burden
✅ Affordable coverage tailored to your loan size and age
✅ Some policies include critical illness or disability coverage
✅ No need for your family to sell the home or cover remaining payments

Depending on the policy, coverage may include:

• Life insurance benefit: Pays off the full mortgage if you die
• Critical illness benefit: Pays if you’re diagnosed with a serious illness like
  cancer, stroke, or heart attack
•  Disability benefit: Covers monthly mortgage payments if you can’t work due to
  injury or illness

Most mortgage insurance policies are available to:

•  Homeowners between the ages of 18–65
•  People who are in relatively good health (medical questions or exams may
  apply)
• Those with a mortgage on a primary residence (some allow coverage for
  second homes)

Ideally, you should get mortgage insurance:

•  When you take out a new mortgage
•  When you refinance your loan
•  If you have young children or a spouse who depends on your income
•  If you lack other forms of life, disability, or critical illness insurance
  Tip: The sooner you get coverage, the lower your premiums—because costs go up
  with age or health conditions.

Your coverage amount should match the balance of your mortgage.
This ensures that your family can:

• Pay off the mortgage completely
•  Avoid foreclosure or selling under pressure
•  Keep the home, even without your income
  Example:
  If your mortgage is $400,000, you should have $400,000 in mortgage insurance
  coverage.