Mortgage life insurance is purchased to pay off the outstanding balance of the mortgage upon the insured's passing. However, you may obtain a mortgage without having life insurance. Contact our team of knowledgeable consultants to discover more about the best period of time, risk, and need for mortgage life insurance in Oshawa.
Getting insurance is especially important if you are the family's main provider because the loss of your income due to an unexpected illness or death might make it more difficult to pay off the mortgage. In the worst situation, your family could have to put their house up for sale. In this case, Mortgage Protection Insurance is a lifesaver. This guarantees your family's financial security and guards against financial ruin.
