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Click below to understand “Why Mortgage Insurance from Banks is not a sure thing”
http://www.cbc.ca/marketplace/2008/02/06/in_denial
Your home is probably the biggest investment you'll ever make. When you arrange a mortgage with a financial institution, they must ask you if you want to insure your mortgage through them. But mortgage insurance from your bank or mortgage lender may not be your best alternative.
Life insurance gives you more options and greater control over your mortgage protection.Compare these advantages to what happens when your mortgage lender insures your mortgage:
It is always better to own your policy and maintain control over this important type of protection.
Before you sign anything, talk to us about a better way to guarantee the repayment of your mortgage.
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ASSURIS :
Who Protects Canadian Policyholders in the event of Life Insurance Company failures