Mortgage Protection Insurance is a simple and affordable way to safeguard your family against the financial burden of an outstanding mortgage in the event of your death, by helping to pay off the remaining balance up to a specified amount. With the right coverage, your family can continue living in the house they’ve come to call home.
In the same way that a term life insurance policy works by providing coverage over a specific duration of time.
Note: 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 passed away.
Talk with an experienced insurance advisor at Ezzi Insurance Advisors to see if Mortgage Protection Insurance is right for you and to discuss other Life Insurance options to give your family the peace of mind they deserve.
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