Mortgage protection insurance (MPI) is a different type of safeguard that could be helpful if you’re unable to repay your mortgage. While that extra protection sounds good, MPI isn’t for everyone.

Mortgage protection insurance, or MPI, can prevent such an event. If you have this policy, the insurance company will typically pay the lender the remaining mortgage balance after your death.

Why mortgage protection insurance might be right for you. For some homeowners, it makes sense to guarantee that your money goes directly to the mortgage company over your family members.

We explain what mortgage protection insurance is and what some of the benefits and downsides are. If you’re considering this type of life insurance read on.

Mortgage protection insurance helps your beneficiaries or heirs stay in your home if you experience a job loss, disability or death. Unlike PMI, ...

Without life insurance, … Continue reading ->The post Mortgage Protection Life Insurance appeared first on SmartAsset Blog. So you took the plunge and bought a house, with a mortgage to match.

Mortgage protection insurance, also known as mortgage life insurance, pays off your home loan in the event of your death. Learn how it works, its benefits, and how to choose the right coverage.

Here are the pros and cons of mortgage-protection insurance, along with tips for getting the best policy at the right price. Mortgage-protection insurance, or MPI, is also called mortgage-payment ...

MPI is similar to life insurance, but the beneficiary is the deceased's mortgage lender. MPI is not as ...

Mortgage protection insurance, or MPI, can prevent such an event. If you have this policy, the insurance company will typically pay the lender the remaining mortgage balance after your death.

Mortgage protection insurance (MPI) is a different type of safeguard that could be helpful if you’re unable to repay your mortgage. While that extra protection sounds good, MPI isn’t for everyone.