More homeowners are buying life insurance to protect their biggest asset

by | May 14, 2026 | Blog

As housing prices fall, mortgage rates rise and the overall cost of living continues to squeeze budgets, Canadians are turning to life insurance to safeguard their biggest asset — and relieve their loved ones of the potential liability. Recent data from PolicyMe, a digital insurance platform, suggests more Canadians are buying life insurance to cover their mortgages and brace against economic instability.

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