Getting a mortgage for your dream home? As exciting as that might be, when you take on a large debt like a mortgage it is important to think about how you or your loved ones will manage if you experience a major life event like an injury, illness or death. Life is unpredictable; mortgage insurance can be your safety net.
When you receive a mortgage approval from our brokerage, you will also receive a quote from Manulife for Manulife Mortgage Protection (MPP). While mortgage insurance is optional, our industry regulators believe it is so important that we are required to offer it to our clients. I agree!
MPP can be your life insurance coverage for as long as you have your mortgage or you can use it as temporary coverage. Some of our clients want to work with a life insurance advisor to get custom insurance for their needs. We absolutely recommend this so you get a policy customized for you! In that case, taking MPP can be a win-win; you can relax and take your time to meet with your advisor without needing to rush the insurance policy prior to closing on your mortgage.
Here is a great video explaining Mortgage Protection Insurance: Mortgage Insurance Explained
Mortgage insurance, whether through MPP or a custom policy, provides the peace of mind you need to enjoy your home, knowing you have taken the necessary steps to protect the ones you hold dear.
Hi, I’m Jill, your mortgage pro. I am here to make the world of mortgages less confusing so you can feel confident in your financial decisions. Through my blog, I aim to provide you with the knowledge and guidance you need to make informed decisions. Your financial peace of mind is my top priority.
