In strategizing just about any mortgage insurance plan, most people peruse articles in financial magazines or read newspapers and books about whether a term life insurance Ontario policy might offer many extremely important additional benefits while also costing much less money in comparison to a traditional mortgage insurance policy that might be offered by their particular financial institution. Term life mortgage insurance offers discounts on premiums if the homeowner is a healthy person and has a healthy family history while bank mortgage insurance offers no premium discounts based upon health.