Mortgage protection is a triple threat insurance designed to help cover your mortgage payments if you’re unable to work due to illness, injury, or death.
- Helps cover your mortgage payments if you lose your job or can't work due to illness or injury.
- It typically provides coverage for a set period, like 12 or 24 month to cover your mortgage.
- Pays off your mortgage in the event of your death, ensuring that your family won't have to worry about the mortgage balance.
- Critical Illness Coverage: This provides a lump sum payment if you're diagnosed with a serious illness covered by the policy, which can be used to pay off your mortgage or cover other expenses.
These policies can offer peace of mind by ensuring your home is protected, even if your financial situation changes unexpectedly.