This episode of The Hamilton Real Estate Show is about Mortgage Life Insurance and Home Ownership and some of the pitfalls. Todays guest is Gianni Leonetti of Tripemco Financial Services. The first question we have for Gianni is – Do you need Mortgage Life Insurance and where should I buy it? It is very daunting when you have to purchase mortgage insurance just because there is a lot of confusion as to what kind of insurance you need when you buy a home. There is bank insurance versus third party traditional insurance with a regular insurance company. With the home being the largest purchase any one individual will make in there lifetime and in some cases 2 or 3 times, there is a sense of confusion as to which insurance they should buy. What is the main difference between getting your insurance from a bank and third party insurance? The first main difference between the 2 insurances in control – the level of control you have with the policy itself. The bank will always be the beneficiary when you purchase mortgage life insurance from a bank. Listen below for more on this interesting topic!