TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

MORTGAGE LIFE INSURANCE [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2007-11-28

English

Subject field(s)
  • Insurance
  • Real Estate
  • Loans
CONT

Mortgage life insurance provides coverage for your family should you die before your mortgage is paid off. This type of insurance is often available through your lender, who then simply adds the premium to your regular mortgage payments.

OBS

Be careful not to confuse property or life insurance with mortgage loan insurance, which may be required for high-ratio mortgages.

French

Domaine(s)
  • Assurances
  • Immobilier
  • Prêts et emprunts
DEF

Assurance vie temporaire à capital dégressif correspondant à la garantie d'un emprunt hypothécaire amortissable et dont l'objet est de régler le solde de l'emprunt en cas de décès du débiteur.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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