Seven Reasons To Avoid Bank’s Mortgage Insurance

Back in February of 2012, I wrote an article for Canadian MoneySaver titled: “You Shouldn’t Be Caught Dead with a Bank’s Mortgage Insurance”. Lately, I’ve received several requests from readers to update the article, and with some downtime created by the COVID-19 pandemic, I was finally able to get around to it. More commonly referred to as creditor insurance, bank mortgage insurance provides group creditor life, disability, and critical illness insurance...