Not compulsory, What is the insurance duration?

Just to clear things up:

Some banks are able do refinancing ala-refinancing of properties. This is advantageous because:

1. you DO NOT need to cancel your current financing until the new financing is approved
2. you will now be able to time the redemption of units from the old financing to happen very closely to each other to avoid losing more than 1 month's worth of dividend (no guarantees from my side though)
3. Obviously, the refinancing is done so you can enjoy lower interest rates than the ones you are currently paying for

The current best rate is 4.85% with short-term and half-amount insurance cover, and 4.9% without any insurance taken-up
Just thought that I'd let everyone know that we have discussed privately and would be dialing down the intensity of our exchanges and to avoid personal attacks. Discussions related to ASB and its financing will continue, but with more civility in them. Lets keep the mods out of this.