Sun Life Financial - What is mortgage protection insurance?

Homeowner's insurance is not the same as mortgage insurance

Homeowner's insurance	Mortgage protection insurance
Also known as property or home insurance, this type of insurance helps protect your home from physical threats like fire, water damage, accidents, and from loss of property from theft.	Helps cover your mortgage payments if you become seriously ill or die unexpectedly.

Mortgage protection insurance

Having the right mortgage protection insurance in place, like critical illness insurance and term life insurance from Sun Life Financial gives you and your family the coverage you need.

Critical illness insurance	Term life insurance	Both critical illness insurance and term life insurance, together
Helps you focus on recovering from a serious illness by giving you a lump-sum payment you can use for medical expenses, mortgage payments or to continue saving for your child's education. How you use the benefit is up to you.	Gives you affordable, flexible protection that your loved ones could use to pay off your mortgage or other expenses, if you die unexpectedly.	Gives you and your family the right protection when you need it most.