To close out Mortgage Insurance Month at The Financial Benefits Group, I’d like to share a CBC investigation into the practices of the lender insurance industry. In particular, the ugliness of misleading paperwork and the nightmare of “post-claim underwriting”.
Remember: if you or anyone you care about has a mortgage, business loan, or other debt that they need to insure themselves against, you need to get a properly underwritten, personally owned, fully intact life insurance policy.
Bank mortgage insurance protects the bank. A real life insurance policy protects your family. An independent, educated, licensed Financial Advisor can show you the difference.