Buying a Home | Manulife

Settle into your new home with confidence.

Buying a home is a huge step. A few more steps can help you face the future feeling great.

You’re about to take one of the biggest steps of your life. Buying a house is an exciting time for you and your family and the beginning of an important new chapter in your life.
Congratulations are in order!

Considering insurance at this stage is an important part of your home buying journey. For most people, their mortgage is the biggest financial responsibility they will ever carry. Now is the time to ask some important questions about how you would protect your home and family if something unexpected were to happen to you. Would they be able to make the mortgage payments and stay in the house? Or would they have to consider selling it?

Insurance can make all the difference in a situation like this. In fact, it can help ensure that you and your family would be able to continue living in your home without having to think about paying your mortgage, freeing you up to focus on what’s important.

Consider these types of insurance as a new home owner:

Life insurance

A home is more than a place to live in, it's where life happens. Help ensure your loved ones can keep it if you pass unexpectedly. Life insurance gives them a tax-free, lump sum payout that they can use to help with the mortgage or other expenses. So they can move forward with their lives with little financial disruption.

Disability insurance

A new home is somewhere you and your family are hoping to stay for a while. But what if an unexpected accident or illness happened to you? Would you or your spouse be able to pay for your mortgage and living expenses? Disability insurance can help by covering a portion of your income, allowing you to make your mortgage payments and keep up with expenses in the event of an injury or illness, so you can focus on your recovery.

Critical illness

If diagnosed with a critical illness, you would receive a lump-sum of money that you could use towards the extra costs related to your recovery but also towards your day-to-day expenses like your mortgage so you can focus on getting better.

Mortgage protection insurance

Mortgage protection insurance is optional life and disability insurance that can help pay-off or reduce your mortgage in case of unexpected death and disability. And with the mortgage covered, you can use any other insurance coverage for other expenses.

Tools and calculators

We’ve all got different stories. Tell us about your life, and we’ll tell you the best way to help protect what matters the most.

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Starting a family?

Whether building a new life with your soul mate or welcoming a child, you want to ensure their well-being and minimize future financial disruption.

Changing careers

When you go through a job or career change, it may affect your protection. Find out how to help make sure that you stay covered during that time.