Purchasing a home is likely one of the biggest financial decisions you'll make in your life.
At Dominion Lending Centres, we view it as an investment in your and your family’s future, one that requires protection.
A significant 45% of uninsured Canadians list life insurance among their top five financial priorities, with 21% placing it in their top three—yet they remain without coverage.
According to a recent Ipsos Reid report, 76% of parents express concern about their family’s financial stability in the event of their death.
Consider the impact on your family if a tragic event left them responsible for mortgage payments.
Mortgage Protection Insurance safeguards your investment and helps ensure your family’s financial security in the event of your or your spouse’s death. If such a tragedy occurs, this insurance would pay off the mortgage, allowing your family to utilize other insurance benefits to maintain their lifestyle and cope with their loss.
The mortgage insurance offered through Dominion Lending Centres includes benefits that traditional bank mortgage insurance does not. It’s portable, meaning you won’t lose coverage or need to re-qualify when you renew your mortgage, regardless of how often you change homes or lenders. Additionally, premiums remain constant despite changes in health or age.
Moreover, the Mortgage Protection Plan includes two critical components: Life Insurance and Total Disability Insurance. This coverage ensures your mortgage is protected not only in the event of death but also if an accident or illness prevents you from working. Traditional term life policies typically only cover death.
HOW TO APPLY
Your Dominion Lending Centre mortgage professional can guide you through the details of mortgage life insurance, including costs. They can also provide immediate coverage and a money-back guarantee, should you choose to cancel your policy within 60 days.
Contact your Dominion Lending Broker or Agent today and make the simple choice to protect your mortgage with life and disability insurance.