Mortgage life insurance

Help protect your loved ones, your home and your savings in case something happens to you

Seventy-five percent of Canadian households say that they would have difficulty paying everyday living expenses like their mortgage if the primary breadwinner were to pass away.1 It doesn’t have to be that way. Mortgage life insurance is a simple, convenient and affordable way to protect your family’s future, with coverage that pays off the mortgage balance if the mortgage holder passes away.


Coverage can start immediately

No waiting period

Budget-friendly payment options

Monthly, semi-monthly or weekly

Top-up existing coverage

Preserve your current coverage for other priorities

You're covered wherever you work

Coverage stays with you wherever your career takes you

Partial coverage

Flexibility to choose the amount of coverage that works for you and your budget2

60-day money-back guarantee

So you can consider your options while being covered

Plan details

  • Coverage up to $1 million per person
  • Unique Life Bridge Benefit covers mortgage payments until a submitted life claim is settled so you're not out of pocket while your claim is being reviewed
  • Can be complemented with mortgage disability insurance


  • To apply, you must be a Canadian resident age 18 to 64 and a borrower, co-borrower or guarantor for a residential mortgage
  • Everyone is eligible for some level of protection

Ready to buy?

Talk to your mortgage broker or mortgage provider.

1 LIMRA, Canadian Life Insurance Ownership, Household Trends, 2013

2 Partial Coverage subject to eligibility criteria.


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Focus on getting better with coverage that makes your mortgage payments for you if you are disabled.