Mortgage life insurance is acquired to pay off the loan debt in the event of the insured's death. However, life insurance is not required to obtain a mortgage. Connect with our team of professional consultants to discover more about the best timing, risk, and requirement for mortgage life insurance in Oshawa.
Obtaining insurance is especially important if you are the primary breadwinner for your family and the loss of your income due to an unexpected sickness or death may make it difficult to repay the mortgage. Your family may be forced to sell their house in the worst-case situation. In this case, Mortgage Protection Insurance comes in handy. This offers financial security for you and your loved ones in the event of a financial crisis.
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