Tagged: mortgage life insurance

Banks push mortgage life insurance, but there are cheaper, better alternatives 1

Banks push mortgage life insurance, but there is a cheaper, better alternative

If you’re getting a mortgage for the first time or refinancing an existing mortgage at a different institution, chances are the person across the desk is going to try to peddle mortgage life insurance. Data show that about 60 per cent of Canadians with a mortgage written by a bank also have mortgage life insurance. It’s a few check marks...

Mortgage Protection Insurance 0

Your Bank Doesn’t Want You To Read About Mortgage Life Insurance

Several people take loans nowadays and it has become inevitable to buy a new home without taking a mortgage from the banks. Those who have taken mortgages usually take the mortgage protection life insurance offered by the lender or the banks. This coverage pays the mortgage if the borrower is ill, disabled, meets with an accident or passes away. Several...

Mortgage Protection Insurance – The Essentials 0

Mortgage Protection Insurance – The Essentials

It's tempting to sit back and relax once you've moved into your new home – but hang on, have you made sure that you're insured against all the risks that could stop you from paying your mortgage? Many things could go wrong and make it impossible for you to work, and in this article we go through each risk, and...

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