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.

Mortgage protection insurance is an insurance policy that pays off the remainder of your mortgage if you pass away or if you become disabled and can’t work. In that way, it functions similarly ...

With term life insurance, the money passes to a beneficiary – a brother, sister, a daughter – and it's up to that person to decide to pay off the house. With MPI, the mortgage gets paid free ...

Most standard homeowners insurance policies cover the structure of your primary residence, personal property, personal ...

The term of a mortgage life insurance policy is the same length as an existing mortgage; if you have 20 years left on a 30-year mortgage, then your policy will last 20 years. Photo credit ...

Mortgage life insurance, ... Mortgage insurance protects your mortgage company from loss if you default on your payments but won't protect you from losing your house due to foreclosure.

Mortgage life insurance policies can help your loved ones stay in the home if something happens to you. ... Since premiums can vary, it's important to know which company your lender uses, ...

Life insurance is a contract between an insurance company and an individual. ... Like mortgage life insurance, credit life insurance covers a specific debt and lasts until the debt has been paid.

Life insurance can provide financial protection for your family when you die. That's especially important if you have children at home, a mortgage or other major expenses your income is expected ...

State Farm has the best whole life insurance policy, based on our in-depth analysis. Find out what other whole life insurance companies made our rating.

— Federal Housing Administration mortgage insurance premium. If you buy a home with a loan backed by the FHA, you will owe a 1.75% up-front mortgage insurance premium, which you can pay when you ...