Often Mortgages and Finances overlap in helping our clients establish a well diversified portfolio, save for a down payment with RRSP and FHSA accounts, facilitate life insurance for estate tax implications, term mortgage insurance coverage and many other facets of transactions.  Individual Insurance is a separate branch of insurance then General Insurance which insures things, like a home or car.  Individual insurance is life, living (disability, Critical Illness) and a unique investing tool called Segregated Funds which are only available in Canada.  These funds provide protection and are used as an estate planning tool and often are involved in pensions.  This often overlaps with your mortgage when you go to the lender and they introduce products at the time of closing.

As a result, insurance products sold by your lending institution that are presented to you at the time you purchase your mortgage.  Understanding these products, who they come from and how your claim is handled in an unfortunate event is not widely understood.  Some policies are not underwritten at the time you purchase your insurance for example while you are signing on the dotted line at closing.  Some are actually third parties and not the lender.  Having an agent who knows all the carriers and products is essential in achieving affordable coverage you can actually count on, since it is underwritten when it is bought.  Insurance Agents have a fiduciary duty as well.  When establishing a policy they must answer in detail why they chose the policy and give express written reasons as to why.  These two industries Mortgages Brokers and Insurance Brokers are regulated separately for the protection of the public. 

Here are some resources that provide products and continued servicing: