Mortgage Life & Disability Insurance
Mortgage Protection Plan Insurance
Mortgage Protection Insurance protects your property investment while helping secure your family’s financial well-being in the event of disability or even worse death of you and/or your spouse.
Should something tragic happen in the passing of you or your spouse, the mortgage on your home would be paid off in full. The disability insurance makes your mortgage payments for you for up to 2 years if you are injured and unable to attend work.
Benefits of Choosing Insurance Through The Spooner Group
Mortgage insurance offered through The Spooner Group has some great features that traditional bank mortgage insurance does not provide. Your premiums will never increase with changes in health or as you age.
Your insurance is portable – so when it is time to renew your mortgage with a different lender or even move to a new home out of province you will not lose your coverage (or be required to re-qualify).
Buying a home is one of the single largest purchases you will make in your lifetime. At The Spooner Group, we also believe it is an investment in you and your family’s financial future; and we have an easy solution to ensure it is protected.
Mortgage Life and Disability Insurance
Did you know:
- 1 in 3 Canadians will be disabled for 90 days or more before age 65
- 75% of Canadian households would have difficulty paying everyday living expenses if the primary wage earner were to pass away
- 44% of mortgage life insurance and/or disability claims are made in the first 2 years of a mortgage
- 50% of mortgage foreclosures happen due to disability
Buying a home is one of the single largest purchases you will make in your lifetime. We believe it is an investment in you and your family’s financial future. Let’s work together to ensure that investment is protected!