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While Canada's ubiquitous "Big Banks" dominate many aspects of our financial lives, mortgage brokers have done an impressive job of establishing themselves as a viable alternative. It wasn't that long ago when mortgage brokers were commonly viewed as the choice of last resort, but today they control 30% of the mortgage market (source: National Post, August 2007).
Benesure Canada Inc. first started to provide products and services tailored for the mortgage broker channel in 1990. And, while Mortgage Protection Plan ultimately became one of our most successful ventures, even we weren't sure if this whole "mortgage broker idea" would ever take off. Luckily, we took a wise leap of faith and our heavy investment in the opportunity has paid off handsomely.
Today, Mortgage Protection Plan is available through nearly 10,000 mortgage professionals across the country. We also offer ancillary services such as SafetyCatch and have funded the publication of Mortgage Brokers, Insurance and the Law, a text book and self-study course.
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