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Mortgage Life Insurance

Life Insurance Pro understands the significance of safeguarding your greatest investment—your home. Secure it with Mortgage Life Insurance, ensuring your family's continued residence in the event of your passing. Plan wisely for their future security.

Our Reviews

Excellent4.8 Based on 619 reviews from ★★★★★ It's always a pleasure to deal with Karen Wright. She is always very helpful and courteous.Bernie LehmannBernie Lehmann ★★★★★ Karen Wright is excellent to deal with. She is very clear, concise, professional and friendly.PaulinePauline ★★★★★ Karen returned my call promptly. She was knowledgeable, efficient and courteous. My travel insurance was seiiled I five minutes. I have recorded her to friends.Maggie MisfeldtMaggie Misfeldt ★★★★★ Karen was very helpful and great to talk to. I would definitely recommend her to any of my friends wanting insurance.Bobbie ViolanteBobbie Violante ★★★★★ I just want to say that my experience with Muhammad sorting out my trip cancellation insurance was the best I could have hoped for - he is patient, knowledgeable and answered all my questions.mary Muldermary Mulder ★★★★★ Karen made this experience so easy and less stressful than I thought it was going to be. She was very professional and was able to answer all of my questions thoroughly and made me feel a little confident that I was getting a good product from her.T RumT Rum ★★★★★ Karen Wright was who assisted me in getting a plan and was amazing and so helpful!Laura MagrumLaura Magrum ★★★★★ I wanted to thank Dornaz on being very helpful for answering all my questions. She was very polite and patient. I had a a lot of questions.Selina AllenSelina Allen ★★★★★ Dornaz was very helpful, knowledgeable and thorough. We are very happy with our experience in buying emergency medical insurance today.Herb ArsenaultHerb Arsenault ★★★★★ I bought health insurance to my company emloyees, and luckily I dealt with Teressa, She was amazing, understanding so helpful.did not bother her I made some changes and mistakes she kept working with me guide me spontaneously , its like we were sitting in same office ..kept going and get the job done as I like, Thank you Teressa, Thank you Alliance income Serviceshaitham saadedinhaitham saadedin ★★★★★ Once I was able to get through on the phone, Karen was excellent. She was very friendly, patient and informative. She worked things out with me until she found the policy that I needed.June CaineJune Caine ★★★★★ Knowledgeable, curtis and efficient. I am very pleased with Karen expertise and professionality. Definitely I will use her service again.Magda MahdyMagda Mahdy ★★★★☆ Sehar Bajwa was knowledgeable and provided explanations for all insurance coverage. Process was simple and easily done over the phone.Joe WeryJoe Wery ★★★★★ Muhammad was very patient with me while I decided.i recommend dealing with Muhammad .I think having insurance puts my mind at ease.Angele FaucherAngele Faucher ★★★★★ I always like to shop around to get the best deal, without compromising quality.My research brought me to Allianz and I was contacted by Sehar Bajwa, who answered all my questions and sent me an email with all the details.Not only was Allianz the best price, I also got good service from Sehar.I hope that I will not need the insurance but if I do, I hope the good service I have received so far, will continue.Thank you Sehar.SylvainSylvain ★★★★★ Good assistance.Heather SutherlandHeather Sutherland ★★★★★ Dornaz is an excellent agent! She is personable and very willing to provide lots of options. Highly recommend. Bethbeth oberholtzerbeth oberholtzer ★★★★★ Dornaz provided our travel insurance efficiently and promptly. Her communication was clear and professional. Very pleased to work with her!Dale HildebrandtDale Hildebrandt ★★★★★ I recently had the pleasure of dealing with Muhammad regarding travel insurance. I can't say enough about him. I had a few issues created by my Costco m/c. He went above and beyond to make changes to my policy because of m/c. I certainly won't hesitate contacting him in future for future travels or recommending him to friends & family. Thank you Mary Rate 110/100Mary BortignonMary Bortignon ★★★★★ So friendly and easy to talk to.Gloria MillarGloria Millar ★★★★★ Dornaz was very helpful. Patiently listened to my concerns and questions as well as provided timely and what seemed to me as appropriate responses. Felt comfortable dealing with her on the phone.Michael GabasMichael Gabas ★★★★★ I had the pleasure of meeting and working with DORNAZ for my personal health and dental insurance. She is an absolutely incredible. She listened to me and provided detailed information during our first call. She was very diligent in following up with me by email. She was very patient as I had changed my request after she did everything. I can honestly say that she might be one of best people I have spoken to in the customer service industry.She is a valuable asset.Thank you DORNAZ !!!!!!Mary BMary B ★★★★☆ Muhammad at Alliance was helpful and responsive.Kathleen MagladryKathleen Magladry ★★★★★ Friendly and efficient service provided in a prompt manner. All questions fully answered.myles buntingmyles bunting ★★★★★ Very responsive to my many questions and super efficient processAlexandriaAlexandria ★★★★★ It was a pleasure dealing with Muhammad . Would deal with him again.Miriam HartmanMiriam Hartman ★★★★★ Just booked my travel insurance! Doran’s is the best! Thank you so muchSharonSharon ★★★★★ Muhammad was excellent, it took a few days because of technical problems, not Alliance issue. Will definitely use again, got us the best price for travel insurance. Thanks MuhammadJackie KeirJackie Keir ★★★★★ We have previously obtained travel insurance with Alliance through Costco Travel insurance. After Alliance email reminder, I have filled out request for multiple trip quote. Sehar Bajwa called back and helped me to complete the application. I received by email the Manulife Travel Policies right after. ThanksT NguyenT Nguyen ★★★★★ Muhammed Suleiman was professional in his dealings.Gerard ThompsonGerard Thompson ★★★★★ I worked with Artmiz to arrange travel insurance. She was very helpful ,answered my questions and clearly outlined my options. I will use Artmiz at Alliance for future travel.valerie szilockvalerie szilock ★★★★★ Dornaz was very helpful and I appreciated all her efforts to sign me up for my travel insurance.She will be my “go to” girl for any future travel needs!LoraineLoraine AndersonLoraine Anderson ★★★★★ My agent is Muhammad SuleimanMariaMaria ★★★★★ I had an exceptional experience with Ofir Mizrahi. Even though I didn’t end up purchasing a policy at the moment, his level of customer service truly stood out. He was incredibly professional, knowledgeable, and patient, taking the time to explain every detail clearly without any pressure.You can tell he genuinely cares about helping people make the right decision, not just making a sale. That kind of integrity and dedication is rare to find.I highly recommend Ofir to anyone looking for honest, reliable, and top-quality service. I will definitely reach out to him again in the future!Jessica MartinelliJessica Martinelli ★★★★★ Dornaz is always very helpful and provides all the details and suggests the best optionMona HadisiMona Hadisi ★★★★★ Dornaz was extremely helpful and efficient, a pleasure to deal with. Highly recommend her for travel or any insurance questions or policies.Joe DaigleJoe Daigle ★★★★★ Dornaz was very helpful during my search for travel insurance!C JC J ★★★★★ Very polite and courteous.. My agent, Dornaz, was very helpful and efficient booking my travel insurance. All needs were met in a professional way. Thank you.Kim Keller- RakochyKim Keller- Rakochy ★★★★★ Great customer service!! Very friendlyBrenda BurtonBrenda Burton ★★★★★ I am very grateful to Sehar Bajwa for her help. She is very patient and professional.Vivian GuoVivian Guo ★★★★★ Dornaz made it very easy getting a quote and then completing the deal.Franz HasenhundlFranz Hasenhundl ★★★★★ Sehar promptly replied to my emails and answered any & all questions I had. Great rates on medical/travel insurance.Natalie HaakNatalie Haak ★★★★★ Dornaz was great to work with. I will be using her for all our tripsIrene HollowayIrene Hollowayjs_loader
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Get Mortgage Life Insurance Quotes in Minutes

At Life Insurance Pro, we understand the paramount importance of family. Our top-tier insurance policies empower you to consistently support your loved ones, ensuring financial stability even in your absence.

Take the first step by clicking below to receive a personalized quote.

Mortgage Life Insurance Explained

What exactly is Mortgage Life Insurance? It serves to cover missed mortgage payments, preventing property foreclosure. Premium payments cease only when your mortgage is settled. In the event of your passing, your family is relieved from mortgage worries, as payments are directed to your financial institution, not them.

Tips to Save Money on Mortgage Life Insurance

At Life Insurance Pro, we’re dedicated to your savings. Simplify your search by requesting a quote through our website. We compare rates from top Canadian insurers, sparing you the hassle. Consider these ways to further save money on Mortgage Life Insurance:

Aim for a 20% Down Payment

Sidestep Mortgage Life Insurance by saving a 20% down payment on your desired property.

Adjust Down Payment Percentage

Strive to increase your down payment to reach a new percentage bracket. More upfront payment means reduced Mortgage Life Insurance premiums.

Opt for a Shorter Amortization Period

Choose a shorter mortgage term to accelerate repayment. Though monthly payments rise, you’ll settle your mortgage faster, ceasing insurance payments sooner.

Pay Extra Regularly

Make additional payments whenever feasible to clear your mortgage ahead of schedule. With each payment, your Mortgage Life Insurance obligations diminish until your mortgage is fully paid off.

Mortgage Life Insurance FAQ’s

This section aims to provide even more valuable information on the topic of Mortgage Life Insurance:

Mortgage Life Insurance is a type of insurance that covers the outstanding balance of your mortgage in the event of your death. If you pass away while the policy is in effect, the insurance pays off your remaining mortgage balance, ensuring your family can keep the home without the burden of mortgage payments.

Anyone with a mortgage, especially those who want to ensure their family can keep the home if they pass away, should consider Mortgage Life Insurance. It provides peace of mind knowing that the mortgage will be paid off in the event of your death.

Mortgage Life Insurance covers the outstanding balance of your mortgage loan. If you pass away while the policy is active, the insurance company pays off the remaining balance directly to the mortgage lender, ensuring your family can keep the home.

Mortgage Life Insurance is not mandatory, but it’s often recommended for homeowners who want to protect their family from the financial burden of the mortgage in case of death. However, some lenders may require it as a condition for approving the mortgage.

Mortgage Life Insurance can usually be cancelled or transferred, depending on the terms of the policy and the insurance provider. Homeowners may choose to cancel the policy if they refinance their mortgage or pay off the loan early. Transferring the policy to a new property is also possible in some cases. It’s essential to review the policy details and consult with the insurance provider for specific options.

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