Insurance type

Mortgage Insurance

Keep your family in their home, no matter what

Mortgage life insurance pays off your remaining mortgage balance if you pass away, so your family isn't left with the burden of mortgage payments. Unlike bank-offered mortgage insurance, a policy through an independent broker is portable, personally owned, and pays the benefit to your family — not the lender.

Key features

  • Benefit goes to your family, not the bank
  • Policy stays with you if you switch lenders
  • Level or decreasing coverage options
  • Often cheaper than bank-offered mortgage insurance
  • Underwritten at time of purchase — no claims surprises

Ideal for

  • New homeowners and first-time buyers
  • Families refinancing their mortgage
  • Anyone currently paying for bank mortgage insurance
  • Co-signers on a mortgage

Compare mortgage insurance quotes

See rates from 20+ Canadian insurers side by side. No phone calls, no pressure — just transparent quotes in under 2 minutes.

Compare Quotes Now