Protect Your Home. Protect Your Family.
Your home is likely the biggest investment you'll ever make. But what happens if life takes an unexpected turn—an illness, disability, or even death? Without proper protection, your family could be left struggling to keep up with mortgage payments.
Mortgage insurance ensures that your loved ones can remain in the home you’ve worked so hard to provide, no matter what life brings.
At Happy Life Insurance, we offer flexible mortgage protection solutions tailored to your financial plan and family’s needs.
What Is Mortgage Insurance?
Mortgage insurance is designed to pay off your outstanding mortgage balance if you pass away or, in some plans, become seriously ill or disabled and unable to make payments.
Unlike traditional lender-provided mortgage insurance that only covers your mortgage, our independent mortgage insurance gives you more control, flexibility, and value.
Lender vs. Personal Mortgage Insurance: What’s the Difference?
| Feature | Bank/Lender Mortgage Insurance | Personal Mortgage Insurance |
|---|---|---|
| Coverage Amount | Decreases with mortgage | Fixed, you choose the amount |
| Beneficiary | Lender | Your family or estate |
| Portability | Not portable | Stays with you, not your loan |
| Underwriting | Done at claim time (post-issue) | Done at time of purchase |
| Flexibility | Limited options | Fully customizable plans |
Personal mortgage insurance puts you in control, not the bank.
Who Needs Mortgage Insurance?
Mortgage insurance is a smart choice for:
Even if you already have life insurance, a dedicated mortgage insurance policy ensures your mortgage is specifically covered, freeing up other benefits for your family’s day-to-day needs.
Key Features of Our Mortgage Insurance Plans
Our advisors work with top-rated Canadian insurers to help you compare plans and select what’s best for your budget, lifestyle, and mortgage terms.
Why Choose Happy Life Insurance?
We don’t believe in one-size-fits-all coverage. Our team offers:
We make mortgage protection easy to understand—and easy to trust.
Your Home Deserves More Than Just a Mortgage—It Deserves Protection
Let us help you safeguard your home and your family’s future. With the right mortgage insurance in place, you can enjoy homeownership with confidence.