Is your family at risk of losing their home?

Like most homeowners, your mortgage payment is a big portion of your monthly expenses. It’s manageable for your family right now, but what if something happened to you?

The cost of owning a home keeps going up. 

The average Canadian homeowner owes $360,000 or more on their mortgage¹. With higher housing costs and rising interest rates, monthly payments have steadily increased over the past few years. Some people’s variable mortgage payments shot up by 55% in 2022²! 

If you passed away, could your family afford mortgage payments?

How would your loved ones afford to stay in the family home without your income? Their options might be to:

• Use up savings to cover mortgage payments, and jeopardize future financial security.
• Sell the house, and sacrifice the comfort and stability of their home. 
• Suffer foreclosure, and risk losing hard-earned equity. 

There is an easy way to protect your family from losing their home.

No medical term life insurance gives your loved ones a financial safety net if you die. Getting a policy is fast and affordable. You choose the coverage amount and term length that meet your needs and budget.

• Coverage is available up to $1,000,000.
• Your beneficiary will receive a tax-free lump sum payment. 
• Rates are affordable and stay the same for the length of your policy.
• No medical exam is required, so you can complete the application process and have coverage in 48 hours.

Researching and comparing life insurance quotes can be a time consuming and frustrating task. This site makes it easy to get your personalized quote today. 

¹  https://www.finder.com/ca/canadian-mortgage-statistics
²  https://kitchener.ctvnews.ca/here-s-how-variable-mortgage-payments-have-changed-in-k-w-in-2022-1.6186495
³  https://www.finder.com/ca/canadian-mortgage-statistics