What is a Mortgage Payment Protection Insurance?

A mortgage payment protection insurance is a policy that ensures you can continue to pay your mortgage payments if you become ill or unemployed. When you become disabled or enter unemployment, you experience a decrease in income while your fixed expenses, including your mortgage payments, continue to accrue. If you can no longer afford your mortgage, an unfortunate situation may arise, such as a forced sale of your home.

Do I need a Mortgage Payment Protection Insurance?

Whether or not you need a mortgage payment protection insurance depends on several factors, such as how much risk you are willing to take and your ability to cut back on living expenses when you become ill or unemployed. Additionally, the income decrease varies greatly among individuals. During the mortgage advice process, your advisor will evaluate multiple scenarios and discuss insurance solutions with you if necessary.

Secure your future with a personalized insurance package – Schedule a call now!

Don’t leave the protection of your valuable assets to chance. Our team of experts can help you tailor an insurance package that meets your specific needs and budget. Whether it’s for your home, car, or personal belongings, we’ll work with you to create a comprehensive plan that gives you peace of mind. Contact us today to schedule a call and take the first step towards securing your future.