Mortgage Protection

Mortgage Protection Insurance (MPI) is a type of life insurance designed to pay off your mortgage if you were to pass away — and some policies also cover mortgage payments (usually for a limited period of time) if you become disabled.

Don’t confuse MPI with Private Mortgage Insurance (PMI), which protects the lender if you default on the loan. With PMI, your family would still owe the balance of the loan if you pass away.

Be prepared, your house is one of the most valuables assets, and your family will be protected.