Leave a Home, Not a Mortgage

Would you prefer to leave your family a home in the neighbourhood they love—or a mortgage they couldn’t manage on their own?

And if there were a way to make sure your mortgage cancels itself instead of leaving your family scrambling, wouldn’t that be worth knowing—even if you couldn’t take advantage of it today?

For most business owners and professionals, a mortgage is part of the picture—and so is a family that depends on them to keep that home. But today’s reality is different than it was a generation ago. Canadians are entering the housing market later in life, and many are refinancing their mortgages to stay in place, cover rising living costs, or help their adult children launch.

The result? More people are retiring with a mortgage—and more families are at risk of inheriting debt instead of stability.

That’s why personally-owned mortgage protection matters.

You can get mortgage insurance through your lender—but here’s the part most people don’t realize: the bank doesn’t actually decide whether you qualify until after your family files a claim. If they deny it then, it’s too late to do anything about it.

Personally-owned protection works differently—and it puts you in control:

✔️ You apply through a licensed life insurance advisor and get fully underwritten up front

✔️ You control the coverage amount and who receives the benefit—not the bank

✔️ The coverage doesn’t shrink as your mortgage decreases

✔️ You can move, refinance, or switch lenders and take your protection with you

✔️ And in many cases, it’s more affordable and flexible than bank-issued insurance

When you own your coverage, you own the outcome. That means your family can inherit a home—not a leftover balance.

At Moments of Truth Insurance Services, we help business owners and their families protect what matters most. Because no one works this hard just to have their family move out when they need stability the most.

If you’d like to see what this could look like for you, just get in touch.

Andy Kovacs helps business owners and families achieve financial security. Featured in The Globe and Mail, Cottage Life Magazine, CTV, and Radio 640 Toronto, his expertise stands out. He believes offence makes the highlight reel, but defence wins championships—ensuring you’re ready for life’s financial moments of truth.

He is also President of Moments of Truth Insurance Services, a Sun Life advisor, and proud sponsor of the Markham Board of Trade’s Breakfast Networking Series.

🌐 www.sunlife.ca/andy.kovacs ☎️: (289)-818-1741 📧: andy.kovacs@sunlife.com
Andy Kovacs
President, Moments of Truth Insurance Services | Sun Life