One in eight homebuyers not offered mortgage protection

A study by Canada Life has suggested that 13% of those purcasing a home through an adviser did not discuss protection - a figure that rises to 20% for clients over 50. One in eight homebuyers, however, did have the conversation when taking out their mortgage, but chose not to take out the cover, leaving them exposed. The researched - a study of just over 1000 adults who sourced a mortgage through a broker - revealed that the majority (76%) did discuss protection during their initial session, with life insurance being the most commonly purchased product (57%), followed by critical illn...