Mortgage Insurance VS Life Insurance

Mortgage Insurance vs. Life Insurance: What’s the Difference? You got through the mortgage qualifications, searched high and low in a crazy market for a house and are ready to sign the dotted line for a mortgage on your home-sweet-home. Then the words “mortgage insurance” are brought up. What is Mortgage Insurance? Mortgage insurance is simply a term life insurance policy …

Life Insurance De-Mystified

Life insurance in Canada provides a tax-free benefit to an Estate or named beneficiary, in case of an insured person’s death. For families, life insurance can help prevent the stress associated with a sudden passing and financial obligations such as housing costs, debt, and living expenses.   Who needs life insurance? Anyone whose death would cause financial hardship. This could …