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.

The Massachusetts Mutual Life Insurance Company, commonly known as MassMutual, has more than $1 trillion in life insurance protection in force. It also offers retirement planning and investment ...

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 ...

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 ...

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, ...

Also called “mortgage life insurance,” this type of policy helps protect your loved ones from having to pay a mortgage debt they may not be able ... When to notify the mortgage company of a death.

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 ...

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.

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.

Term Life Insurance . Term insurance is designed to cover a specific set of possible events over a defined period. For example, a level-premium term life insurance policy might offer $200,000 ...

Term life insurance is usually the simplest and cheapest policy you can buy. That's because it's only in force for a set period — generally between 10 and 30 years — and it doesn't have a cash ...

— 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 ...