What is Mortgage Protection Insurance?
Homeowners deserve the peace of mind of having their home covered with affordable but comprehensive coverage.
Mortgage Protection Insurance is a type of term life insurance that is designed to pay off your home mortgage in the event of your death. The policy is purchased for a set number of years (years left on your mortgage) for the amount owed. Set premiums are paid and if you pass away during that period your beneficiaries would receive the total amount of the policy. This ensures your loved ones would be able to pay off and remain in the home.
Who should get Mortgage Protection Insurance?