Mortgage insurance in general survives because it's very easy for the applicant. Same with the banks selling CI coverage; it's easy and gives the applicant peace of mind.
It is true that there is some coverage that requires underwriting or at least more underwriting. The average guy is still best served in seeing an independent broker though. Then you have someone who is educated in these matters and can provide a wide variety of options. Even the mortgage insurance that is underwritten still faces many of the other issues identified in this thread.
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