Protect Your Mortgage. Protect Your Family. Protect Your Income.
When you take on a mortgage, you’re also taking on a long-term financial responsibility. Mortgage insurance helps ensure that if life takes an unexpected turn — illness, disability, or death — your home and your family remain protected.
At Citadel Financial Wealth Group (CFWG), we provide personal mortgage insurance solutions that go far beyond basic bank coverage — with flexible options, transparent pricing, and coverage that stays with you, not the lender.
We make it easy to understand your choices. Here are the main types of mortgage life insurance available in Canada:
Provides a tax-free lump-sum payment to your chosen beneficiary if you pass away during the term of the policy. Funds can be used to:
Pay off the mortgage
Cover living expenses
Protect your family’s financial stability
Ideal for: Homeowners who want affordable, straightforward mortgage protection.
Provides monthly income replacement if you’re unable to work due to illness or injury. This helps you:
Keep up with mortgage payments
Cover daily living expenses
Avoid depleting savings or investments
Ideal for: Salaried professionals, self-employed individuals, and business owners.
Pays a tax-free lump sum if you’re diagnosed with a covered critical illness (such as cancer, heart attack, or stroke). Funds can be used for:
Mortgage payments
Medical or recovery costs
Time off work without financial stress
Ideal for: Families wanting protection beyond life insurance alone.
Many homeowners choose bundled coverage for broader protection and better value:
✔ Term Life + Disability Insurance
Protects both your home and your income.
✔ Term Life + Critical Illness Insurance
Protects your mortgage if you pass away or face a serious illness.
✔ Term Life + Disability + Critical Illness
Our most comprehensive option, providing full mortgage and income protection across multiple life events.
Still not sure?
📞 Speak with a CFWG licensed advisor — we’ll help you compare quotes and understand your best-fit option.
At Citadel Financial Wealth Group, we’re here to help you make smart, lasting choices about your family’s financial future.
✔️ Personalized Planning – We don’t believe in one-size-fits-all. Every client gets a plan tailored to their unique needs, family structure, and goals.
✔️ Licensed Experts – Our team is made up of experienced, certified Canadian insurance advisors.
✔️ Nationwide Support – Whether you’re in Toronto, Vancouver, Halifax, or anywhere in between, we’ve got you covered.
✔️ Transparent Process – No pressure. No jargon. Just clear, honest advice.
✔️ Access to the Best – We work with Canada’s most trusted insurance providers, so you always get competitive rates and top-tier products.
Call us from 9AM-9PM EST Monday to Friday or email us. Our Canadian-based team is happy to help!
| Feature | Bank Mortgage Insurance | Personal Mortgage Insurance |
|---|---|---|
| Policy Owner | Bank | You |
| Beneficiary | Bank | Your chosen beneficiary |
| Coverage Flexibility | Limited | Fully customizable |
| Portability | Ends if mortgage changes | Stays with you |
| Underwriting | After claim | Upfront (clear approval) |
No. Mortgage insurance is optional, but strongly recommended to protect your home and family.
Yes. Many homeowners switch to personal mortgage insurance for better coverage and control.
Yes. Bundling Term Life, DI, and CI is common and often more cost-effective.
Disability insurance covers income loss due to illness or injury, not layoffs.
Check your price: no commitment, just quotes!
Apply online when you’re ready.
Licensed Canadian advisors are available by phone Monday to Sunday.
Give us a call at: +1 (877) 273-5614
Our advisors care, so there’s no pressure or upselling.
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