Important News About Mortgage Life Insurance

I'm sure you're aware of the importance of insuring your mortgage to minimize the impact of an untimely death or disability. These events can have a serious impact on your ability to continue your mortgage commitments.

Currently, some banks offer mortgage insurance to the clients with a short questionnaire.

This doesn't mean they are insured, and in fact, sometimes the claim is denied as reported in a CBC Marketplace television special (http://www.cbc.ca/marketplace/in_denial/).

This can be devastating to you if you are denied your claim that you were confident you had.

This is yet another reason why you should always use a broker and say no to banks!

Thank you

Joe Malek, AMP
Accredited Mortgage Professional