Scary thing this Mortgage Insurance!

My Associate recently had the opportunity to sit down with a friend of mine who is a Financial Advisor with Sunlife and talk about the Mortgage insurance.  Terrence Brown, Financial Advisor, disclosed information to me about our traditional Mortgage insurance that didn’t sit well with me hence I interviewed him on video for you and looked around on the internet as well.  There are good arguments to both sides of the story but I’m surprised that such a practice is allowed in the insurance business by the banks.

http://www.youtube.com/watch?v=ShfSJv5DpiU&feature=player_embedded

Here’s a direct link to the expose done by CBC in 2008 which is quiet an eye opener.

Take a look through the video and let me know what you think.

http://www.youtube.com/watch?v=qe61HVGIwUo&feature=player_embedded

 

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