Mortgage life insurance, also known as mortgage protection insurance (MPI), is designed to pay off your mortgage when you die. Some MPI policies also offer coverage for a limited time if you lose your ...

Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work. MPI is similar to life ...

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 to ...

The time had finally arrived—my husband and I had saved enough for a home down payment and we were off to the bank to get ...

A life insurance policy represents a contract between you and the insurer. In exchange for your making regular premium payments, the insurance company will make a tax-free, lump-sum payment to your ...

Mortgage insurance allows homebuyers to purchase homes with down payments of less than 20%. This credit enhancement tool involves paying an additional charge with your mortgage to protect the lender ...

MPI can keep your home from falling into foreclosure if you die, but it may not be the best option for everyone. Many or all of the products on this page are from partners who compensate us when you ...