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Quebec couple comparing their mortgage life insurance options at home

Mortgage life insurance: why you should always refuse your bank’s

Mortgage life insurance is a declining life insurance product sold by banks in Quebec. Coverage that decreases, beneficiary = the bank, post-pricing, no portability, premiums 15% to 40% more expensive. Discover the 7 reasons to refuse and why independent term life insurance is always better. Comparison table by age included.

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