What’s the difference between mortgage life insurance, mortgage loan insurance or mortgage default insurance? These terms all seem quite similar and are sometimes used interchangeably to add further confusion to things. These various types of coverage are very different and offer unique benefits to Canadian homeowners. Mortgage loan insurance or [...]

Glenn Cooke, President of Insurecan.com, discusses the differences between mortgage life insurance and term insurance.

If you’re taking the time to compare mortgage rates you’re likely going to also be shopping around for mortgage life insurance. In fact, when you get your mortgage your lending company is probably going to offer you life insurance [...]