Mortgage Protection

Mortgage protection coverage is designed to help pay off or reduce your home loan if something happens to you. The goal is simple: keep your family in the home without adding financial stress during an already difficult time.

If you become chronically ill and are unable to perform certain daily activities, living benefits may allow you to use part of your coverage to help cover mortgage payments, medical expenses, or everyday living costs during recovery or long-term care.

Most mortgage protection plans are built on term life insurance, making them far more affordable than permanent policies. This allows homeowners to match coverage length to their mortgage timeline while keeping monthly costs predictable and manageable.

In the event of a qualifying critical illness — such as a heart attack, stroke, or cancer diagnosis — living benefits can provide financial relief when income may be interrupted. This helps prevent falling behind on mortgage payments while focusing on treatment and recovery.

Many modern mortgage protection policies include living benefits that allow you to access a portion of the policy while you’re still alive if you qualify due to serious health events. These benefits are often included at no additional cost.

If diagnosed with a terminal illness, policies with living benefits may allow early access to funds to reduce or pay off the mortgage, helping remove financial uncertainty and allowing you to focus on family and quality of life.