If you have ever taken out a mortgage from a bank, chances are that they also offered you life insurance. And it seems like a good deal. After all, you will have both your life insurance and your mortgage--two important expenses you have to make--under one roof. This of course spells convenience since you will make all your payments to just one entity.
You might not know it but you are probably getting a bad deal if you take out life insurance from your bank. Here are some reasons why you should avoid your bank when taking out life insurance: