Friday, September 22, 2006

 

Life Insurance A Cheaper Alternative To Mortgage Insurance, Experts Say

Canadians looking to wrap up new home purchases might find that life insurance is a more flexible and less pricey alternative to mortgage insurance obtained through a bank, say personal finance experts.

While most agree it makes sense to cover large debts with insurance, some argue when it comes to mortgages most consumers treat it as an afterthought and don't realize that buying through a bank can be a "costly mistake."

Life Insurance A Cheaper Alternative To Mortgage Insurance, Experts Say
Source: CBC

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