Is mortgage insurance important?

I had the pleasure of interviewing Christopher Lee, from Sunlife, about mortgage insurance.

I remember when I got a mortgage for my first home years ago.  The bank added mortgage coverage by default and didn’t tell me.  (I mean, it’s possible they went through it when I was installing 30 pages, but if they did, I don’t remember)

I’m sure the coverage differs between all the banks, but mine was not a deal at all.

It felt expensive and then I realized that the premiums would stay the same even though I’m paying off my mortgage and the coverage went down!

There are a lot of other options to protect your home and your loved ones.  So I recommend that you watch the interview and hope you can learn a few things.

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