What is mortgage protection insurance?

Lender's Mortgage Insurance

• Usually offered upon mortgage / credit line approval by the bank / lender
• Benefit paid to bank / lender in case of illness, disability or death

Term Life Insurance

• Generally purchased directly by you
• Benefit paid to beneficiary of your choice with ability to bundle critical and disability riders

With a term that matches the length of your mortgage’s amortization period and a payout that covers the amount you owe, mortgage protection insurance can be a flexible and affordable way to financially protect your home for your dependents from whatever life throws at you. This can include critical illness and disability with additional riders.

And we saved the best for last. With mortgage protection your term life insurance pulls double duty, protecting your mortgage debt and covering other life insurance needs at the same time. Oh, and the coverage and premiums are guaranteed.