Why is it important to protect your mortgage?

Buying a home is a big decision and a really big financial commitment, but life can change fast in any direction. For most folks, the only thing stopping their mortgage becoming an unbearable liability is their paycheck. But what happens if the paycheck goes away even temporarily due to illness, death or disability?

Did you know that:

- 10 months is the average length of time disabled claimants are off work

- 1 in 5 Canadians experience a mental health issue each year (e.g. stress leave)

- 1 in 3 Canadians will be disabled for 90 days or more before age 65 

- 56% of Canadians who took time off for a disability said they returned to work early due to financial reasons

- 33% of workplace disability claims are related to mental health

The right mortgage protection insurance takes care ofyour mortgage payments or even pays off the balance in times of crisis. If any of these questions or stats shown above have you wondering, then we need to have a conversation about how to better and cheaply protect your biggest debt. Call or email me today.