Get Mortgage Life Insurance Rates in Minutes

Honest Rates. Dependable Coverage.

As a homebuyer, Mortgage Insurance is mandatory if your down payment is below 20%, but it provides a crucial benefit of ensuring your family will have a home in the unfortunate event of your passing.

4.8 Stars

Our Reviews

Excellent

4.8

Based on 692 reviews

otilia miranda

I had a great experience speaking with Gabriel .l received a call with in minutes of my inquiry on line . He was very polite and knowledgeable. It took no more than a few minutes to obtain a quote for travel insurance. I will definitely contact him for future inquiries.

V М

Very professional support.

lesley staite

Shiwani was a pleasure to interact with …she was knowledgeable and explained every thing in detail when I was looking for information on Out Of Country Health Insurance Coverage. She was extremely patient when I asked her for more clarification /explanation of questions asked.Would certainly recommend her when looking for out of province health insurance coverage .

Sue Alexander

Shiwani was most helpful and precise. Because we were leaving the next day for our holiday, we needed insurance quickly. Shiwani has a wonderful customer service and we were able to get our insurance when needed. It was a pleasure working with her.

Brian R. Post

I just recently renewed my travel insurance through Alliance Income Services Corp, with my agent Sehar Bajwa being very efficient and effective to put my coverage in place. I am appreciative and grateful for her excellent service and knowledge. Thank you, Sehar!

Vicki Robinson

Clarity about what was offered. Searching for the best deal for me.

Michael Greenhill

AIS and in particular Donaz was extremely knowledgeable and helpful in recommending our travel insurance at a very reasonable cost. Great work Donaz, thank you!

Paul McLean

I would recommend Ofir from Alliance Income for my travel insurance needs. He was fast, efficient and was able to source my travel insurance needs a a lower price than a was able to obtain from several insurance companies. Thanks!

Diane Pare

very funny, attentive, informative and would return my call within no time at all. followed up with a phone call to the company to further my comfort zone. would definitaly work with him again

Gavin Watts

Gabriel is excellent , full knowledge, polite and respectful, interested in making one feel welcomed. Recommend this sign in service to anyone needing travel insurance.

Walter Jong

it was such a pleasure to work with Artmiz Namazi in my purchase of medical travel insurance. Not often do I receive the care and authentic interest in ensuring that my needs and concerns were addressed. At the end of the day, all the costs were practically the same among many of the financial institution but Artmiz was the difference and her well deserved goodwill finalized the decision to purchase from her. Thank you so much Artmiz for all your help and assistance.

Gerry Scharff

I was surprised to receive a phone call from Alliance and then to have Dornaz walk me through the medical questions and quote a reasonable price. She was polite and very helpful for all my needs.

mary lou mcgregor

Very efficient and caring individual. He completed his role in a highly professional manner

Caralyn Crocker

Ofir Mizrahi , he handled all our transaction he was kind considerate and very professional. He made sure I understood the policy. When I couldn’t find what I needed he helped me navigate through. If all your company is as good as him you have great team . If they aren’t I’m glad I had him . Thank you for professional consideration of helping meCaralyn Crocker

Greg Glass

Her attention to detail was great. Answered all my questions with no hesitation. Highly recommend contacting her for your insurance needs.

Dave Randhawa

Dornaz provided me with exceptional service,very professional and knowledgeable.Thank you Dornaz for assisting me get my travel insurance,it was a pleasure doing business with you.

Joyce Johnston

Shiwani was very helpful, and explained everything clearly

Christine Hamilton

Ofir was amazing and he was able to get an incredible deal for my upcoming cruise. Very professional!

Sheryl Dobenko

Ofir was very helpful and thorough in advising and organizing our trip cancellation insurance for un upcoming trip to Africa.

Colleen Butler

Dornanz was vey helpful and went out of her way to find us the best policy.

Rita Roy

Great at what he does!

Richard Humphries

Dornaz has been very helpful tailoring my insurance policy to suit my specific needs. She was prompt in replying to my messages and questions. Thank you, Dornaz

Ivana Gremo

I purchased travel insurance from Dornaz several times.She is very knowledgeable and takes time to explain all concerns I would have.I would highly recommend her to anyone who needs to purchase travel insurance.Ivana

cathy othmer

For was very patient and helpful

Diane Roy

I appreciated Shiwani patience. She was easy to understand and very helpful when I was concern about my transition. 👍

Frank Spencley

Great experience

anthony schiavone

We bought multi trip ins. today with Artmiiz . Tried different compa nies need to say we found Artmiz very informative patient and professional. Thank you.

Bruno Settimi

Ofir Mizrahi was very helpful and answered all our questions professionally.

Shirley Watkins

We dealt with Ofir who was pleasant to speak with and met all our needs.

Sally Orviss

Very professional and friendly service. Made it easy!

Craig Baker

Martin was patient and efficient in providing our travel medical insurance.thankyou!

Franca Zagarrio

Martin was an amazinging agent! He was very patient in explaining the different plans to myself and my husband. He followed up and answered all our questions.

kayiu

Sahar, the Lady who assisted me over the phone has helped me to purchase an emergency medical insurance for my wife’s traveling to the US for a few days attending the AGT on Sep 15 and Sep 16, 2026.I have found Sehar to be a customer oriented professional who has great knowledge and patience to explain to me the importance of buying an emergency medical insurance.I would like to thank her and I will recommend Sahar to all my friends who would like to know more about insurance. Thanks Sehar!

Jan Regnier

Great customer service. I called a few weeks ago, got a quote and received it by email. I called today, left a message, Ofir called right back. He was able to get even a better price so we completed the purchase. Very happy with Ofir's service, friendly and very helpful.

R J

Artmiz Namazi helped me many times in my travels. Always respond quick and make it easy for me. Thank you 😊

Steven Frey

Dornaz was very helpful and professional in her service. Thank you.

Maria Schmid

I received a great fast detailed service.Thank you

Dia Aiello

Dornaz focuses on the client needs and requirements outlining the timetable for the policy and the coverages. Exceptional followup after we initiated contact. I would recommend Dornaz to anyone exploring the option of Travel Insurance. We actually did!R & D

Rita Robson

Dornaz made my experience exceptional. I would buy again through her

Sandy Vine

Dornaz helped me and she was amazing! She explained the policy to me and told me what to do if I ever had a claim.

Reg Howard

I googled medical travel insurance Sehar called me back and was able to get what I wanted/ needed I highly recommend her, very knowledgeable. Thank you Sehar for doing such a great job

What is Mortgage Life Insurance?

If, for whatever reason, you are no longer able to make payments on your mortgage, Mortgage Insurance will cover the missed payments so that you can avoid the foreclosure of your property. Your policy premium payments will stop only once your mortgage is fully paid off.

You will also have the peace of mind that in the unfortunate event of your death, your family will not have to worry about paying the mortgage or searching for a new home. However, the policy payments will always go straight to the financial institution you hold your mortgage with, and not your family.

Is Mortgage Insurance required?

Yes and no, as it depends on your down-payment amount. If you put down below 20% of the property’s value, Mortgage Insurance will be required by the lender to protect them in case you default on your loan payments.

A 20% down-payment is unattainable for many new home buyers, especially due to the rapidly rising housing prices. The minimum down-payment in Canada for first time buyers is 5%, which is what most people choose to pay. If the value of your desired property is above $500,000 but below a million, you will have to pay 5% of the $500,000 plus additional 10% of the remaining amount. Properties valued at one million or above require a 20% down-payment and do not qualify for mortgage insurance.

Purchasing a Mortgage Insurance provides security to your lender, which enables them to offer sustainable interest rates on your loan.

How is Mortgage Insurance cost calculated?

Your Mortgage Insurance cost will always depend on the desired property’s value and your down-payment amount. The lower the value of the property and the bigger the down-payment, the lower Mortgage Insurance cost will be.

How to Save Money on Mortgage Life Insurance?

The best way to save money on insurance is to shop around and compare rates from different providers. This can be an exhaustive and time-consuming process. Thankfully, Policy Rates takes care of it for you! When you request a quote through our website, we check what rates you can get from every major Canadian insurer.

Policy Rates provides you with the lowest rates for the level of coverage that you desire from top insurance companies.

20% Down Payment

Completely avoid the need for Mortgage Insurance if you can muster up a 20% down payment on your desired property.

Down Payment Percentage

Even if 20% down payment is out of reach, try to contribute an extra amount to reach a new down payment percentage bracket. The more money you put down, the lower your Mortgage Insurance will be.

Shorter Amortization Period

Your mortgage amortization period is the total amount of time it takes to completely pay off your mortgage. Opting for a shorter term, you will have higher monthly payments, but you will pay it off sooner and stop making mortgage payments.

Pay Above Your Monthly Payments

Whenever you can afford it, make extra payments on your mortgage loan to pay it off early. Your Mortgage Insurance payments end as soon as your mortgage is paid off.

20% Down Payment

Completely avoid the need for Mortgage Insurance if you can muster up a 20% down payment on your desired property.

Down Payment Percentage

Even if 20% down payment is out of reach, try to contribute an extra amount to reach a new down payment percentage bracket. The more money you put down, the lower your Mortgage Insurance will be.

Pay Above Your Monthly Payments

Whenever you can afford it, make extra payments on your mortgage loan to pay it off early. Your Mortgage Insurance payments end as soon as your mortgage is paid off.

Shorter Amortization Period

Mortgage Life Insurance Quote Form

All Products Form (#3)

First Name

Last Name

Contact Number

Province

Product

Age

Company Name

Employee Count

Do you currently have benefits?

By clicking on 'Get Quotes' button, you agree to our Terms of Use and Privacy Policy. You provide consent to be contacted for the purpose of being provided information, rates and details on any product from any insurance company or financial institution. You can unsubscribe at any time from this service.

Referrer

4.8 Stars

Menu

Get Mortgage Life Insurance Rates in Minutes

Honest Rates. Dependable Coverage.

Our Reviews

What is Mortgage Life Insurance?

How to Save Money on Mortgage Life Insurance?

20% Down Payment

Down Payment Percentage

Shorter Amortization Period

Pay Above Your Monthly Payments

20% Down Payment

Down Payment Percentage

Pay Above Your Monthly Payments

Shorter Amortization Period

Mortgage Life Insurance Quote Form

Get Updates and Stay Connected - Subscribe to our Newsletter

Why Choose Us

Insurance Services

Resources

About Us

Services

Resources

About Us

What would you like to save money on?

Need an Urgent Quote?