This hack saved me thousands....Do You Need MORTGAGE INSURANCE? Mortgage Insurance vs Life Insurance

Are you a Canadian homeowner or about to become one? Have you been convinced to get mortgage life insurance without fully understanding it? In this eye-opening video, I, Joe from IA Private Wealth and IA Private Wealth USA, will break down everything you need to know about mortgage life insurance in Canada.

🚫 Why am I against mortgage life insurance?
💡 How can you spot and avoid it?
🔍 What are the real costs compared to term life insurance?
🛡️ How to opt out if you already have it?

Imagine sitting across from your bank’s mortgage specialist, feeling the excitement of buying your first home, only to be quickly sold on mortgage life insurance. Sounds familiar? You're not alone. Thousands of Canadians sign up for it without realizing the full picture.

📉 Learn how mortgage life insurance is a declining coverage that banks push, often costing you more while offering less protection.
💸 Discover how term life insurance can provide better coverage at a lower cost, ensuring your family’s financial security.
🏦 We’ll compare real-life examples from TD, Scotiabank, and RBC, showing the stark differences between mortgage life insurance and term life insurance.

As a fully registered fiduciary Portfolio Manager and Investment Advisor, I’m here to share reliable financial insights to help you make informed decisions. If you find this content helpful, please consider subscribing and hitting the like button – it really supports the channel and helps us reach more viewers.

If you would like a personal one-on-one consultation, please contact me here:
https://joemacek.com/contact-us/

Links to Website Calculators
https://joemacek.com/resources/
https://financialcalculators.net/iapr...

Studies Showing Advisor Value!
https://advisors.vanguard.com/content...
https://www.pm-research.com/content/i...

Link of Sources:

https://apps.td.com/mortgage-payment-...

https://www.tdinsurance.com/products-...

https://www.scotiabank.com/ca/en/pers...

https://www.scotiainsurance.com/en/re...

https://www.empire.ca/scotia-insuranc...

https://www.rbcroyalbank.com/mortgage...

https://www.rbcinsurance.com/life-ins...

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