Mortgage insurance: Not always a sure thing.
If you have a mortgage on your home, chances are good you also have mortgage insurance. The idea is that if you should become seriously ill or die before paying off the mortgage, the coverage will kick in and pay it off for you. It’s meant to offer peace of mind and to reassure you that your family will be able to stay in your home if anything should happen to you. The reality falls a little short of that.1
To find out more and see CBC’s Market Place
1. CBC.ca. IN DENIAL, February 6, 2008 : http://www.cbc.ca/marketplace/in_denial/