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Every homeowner has different life insurance needs

This is an exciting time - shopping for a house or condo, or maybe anxiously waiting for the closing. You’ll want to make sure your loved ones always have the comforts of home and you can do that with Sun Life Go life insurance.

NOT SURE HOW MUCH LIFE INSURANCE YOU NEED?
WHAT TYPE OF LIFE INSURANCE IS RIGHT FOR YOU?
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3 reasons why homeowners should look to life insurance to help protect their mortgage.

  1. Owning your dream home may mean shouldering bigger financial obligations.
  2. Mortgage insurance may be okay – if you want your financial institution to get the money to pay part or all of your mortgage. The payment from a life insurance policy goes right to your beneficiaries who decide what to do with it. This gives you options about how your life insurance benefits are used, without limiting them to pay off part or all of your remaining mortgage payments.
  3. Your life insurance benefit is a fixed amount (e.g., $200,000 of life insurance). With mortgage insurance, the amount reduces as your mortgage balance declines, yet your monthly premiums remain the same – and when your mortgage is paid off,  the mortgage insurance also ends.