Signing up for the Mortgage Insurance offered by your bank or mortgage broker may be the worst financial decision you ever make!

SAY NO TO YOUR BANKS MORTGAGE INSURANCE!.. Make sure you watch the disturbing investigation on CBC'S MARKETPLACE to find out why!


“Casey you are definitely the man!  You saved my wife and I over $120 dollars per month for the same exact coverage, just by getting us preferred insurance rates that our last advisor never even mentioned!  I guess it definitely was worth our time to have you review our existing policies!…thanks again for all of your help.”


Dave Degrassi & Jessica Robinson, Mississauga, Ontario


“We had Sunlife Insurance advisor that sold us some insurance and then we never heard from him ever again.  After speaking with Casey he clearly showed us why the type of insurance we had was not benefiting us at all, and had really only benefited the agent who sold it to us.  Thankfully we now have the proper type of insurance that will protect our family when we need it most, and we’re very grateful to have Casey as our financial advisor. It’s very clear that Casey’s always looking out for our best interests before his own, and we would highly recommend him to anyone looking for solid unbiased financial advice!”


Ben & Sheena Poitven, Oakville, Ontario


“Thankfully my wife and I were referred to Casey for a second opinion on our insurance policies.  Not only did he clearly explain all of our available options to us, but he was very patient and didn’t pressure us to buy anything in anyway.  After listening to his recommendations based on our specific situation, Casey was able to give us a much better insurance policy that was not only less expensive but was also for more insurance coverage!  Thanks to Casey’s advice we’re now saving money every month that we will definitely be investing with F1RST CHO1CE as well.  We would highly recommend Casey’s advice for any insurance or other financial planning needs.”


Mark & Magdelena Budisa, Streetsville, Ontario


“My wife and I have been clients for several years now, and in that time, we’ve conducted numerous transactions with both Casey and Wayne from mortgage refinancing to life insurance to managing our investments. These individuals have demonstrated that they have superior knowledge of their respective products and are able to deliver them with exceptional customer service. I have found that this combination is a rarity these days, and as such, I whole heartedly recommend their service to both friends and family with confidence.”


Clifton Sookdeo & Shelly Sharma, Caledon, Ontario


“Honesty, integrity, and professionalism are the three words that come to my mind when I hear Casey’s name. He has provided my clients over the years with the highest level of service and they always thank me for introducing them to him. Casey truly goes above and beyond.”


Deborah Robinson, Real Estate Agent – Royal Lepage


“We’re extremely thankful that we came in contact with Casey otherwise we would have the worst type of insurance coverage available! Our bank really pushed us to sign up for the mortgage insurance they were offering which we thought was a good thing.  If Casey hadn’t helped us to understanding the many disadvantages of the insurance offered through a bank, we still be overpaying for less beneficial coverage that may not have even paid out if we ever needed it!  Thanks again for your advice Casey, and going forward we will definitely be coming to you for our future mortgage, insurance, and other financial advice.”


Renato Silva & Jhenny Rodriguez, Mississauga, Ontario



CBC MARKETPLACE Viewer Comments:

” Oh my, I am sitting here looking at my two young children wondering what my husband may have signed and checked off on the check list with the bank. We just purchased our home in June 2007. He is deployed to the Gulf until May. When he returns home rest assured he will be going to the bank to go over his policy with a fine tooth comb. Until he does, I will have no rest! I am going to call a licensed broker and make an appointment to understand the fine details and the ‘loop-hole’ questions. Thank you so much for this program. I can not rest easy until I know our family is cared for!

“I was one of these people who purchased the insurance and did get hurt at work only to be told I lied on my application. I was not sure where to turn. I am disgusted that this is happening to people other than myself. I never even thought about it when it was presented to use and it was not clearly explained. Someone really needs to look further into this.”

“I too work for one of the 5 big banks, not the one featured in your story, and we are also told how to position life and disability insurance for a sale and our sales targets are very aggressive! Regular meetings teach us how to treat any obstacles we may be faced with in selling this product. We do not have any idea how many of these claims are denied, they only disclose to us the percentage we are required to sell to get our year end bonus (2%) of our salary.”

“I watched your program on Mortgage Insurance and felt like I was living in the past. I lost my husband Bob to cancer December 2002. We had taken out mortgage insurance with the TD Bank just 15 months earlier. Approximately 12 months after taking out the insurance he was diagnosed with cancer and in his remaining months he was under the impression the mortgage would be paid off. He answered no on the health questions so we were doomed from the start. After weeks and weeks of questions, I was getting uneasy whether or not there was a problem, but in the back of my mind I felt everything would be okay as he died from cancer never having this problem previously so there just should not have been a problem. But like your program stated there was never a chance this policy would have been paid.”

“Thank you so much for airing this program. Last April my husband had a heart attack. We too thought that we had critical illness coverage–ironically through the TD Bank, only to be told that he was denied coverage because he had lied. This has been devastating for us as he had had absolutely no signs of any problems. In fact he has to go in every year and have a physical done because of his job. Nothing was ever said to him by the physican that he had any health issues. I feel that a nation wide lawsuit would be appropriate. If they sell the policy they should be liable.”

“I too used to work for the company stated. We were never trained to sell the insurance product. We had goals and if a customer did not take the insurance we had to explain why. The big line was to take the insurance now and check around for insurance through a broker. Full well knowing that most people do not bother after the fact. I am ashamed of what that company made us do in order to meet our goals. We were always told how much was paid out never how much was rejected. No wonder the TD did not want to comment.”

“I just saw your show with regards to mortgage insurance and I am disgusted with what I saw. I cannot believe that TD Bank and I’m sure all the other banks selling mortgage insurance are basically ripping consumers off. They are defrauding consumers and leaving them stranded at the most vulnerable time of their lives Shame on these banks. What is going on these days? Where is their compassion. I’m totally disgusted. It’s always about money. People deserve honesty. They pay the premiums to protect themselves and their families when death and serious illness prevents them from working to pay their mortgage. This really confirms why I’m so leery about signing anything and why I’m so not trusting of anyone. What a sad world we live in.”

“I just watched this with disgust. I would demand my money back plus interest for the holding of the money for so long. I have just recently renewed my mortgage with TD Canada and for the umpteenth time I was asked the same statement that your ex TD interviewee said was put to the customer if they refused. Namely “You are aware that by rejecting this insurance you have no means of covering the mortgage if you die” Thank goodness that I took the advice of my mortgage broker in the early days – he is a certified insurance seller, he suggested that rather than get mortgage insurance we should just get a suitably large life insurance. Although I have to say he did not mention this disgraceful act.”

“Just so everyone is clear, TD Bank is not the only bank or institution with this practice. Actually any institution selling any form of insurance other than “personal coverage” from a Life Insurance company through a Licensed Broker, is putting people at the same risk. Consider this impact on your life. Do you have “insurance” on a Line of Credit, credit card, loan, do you have work coverage or other types insurance protection? Well if full underwriting is not done upfront then problems will persist in the future.” Read more comments from the CBC investigation:




At F1RST CHO1CE Financial Group we’re passionate about sharing our knowledge, experience and unbiased opinions with families that are looking for a trusted advisor to help them with their Insurance options.

ANY QUESTIONS?…Contact a Licensed Insurance Advisor today!