What is Mortgage Protection Insurance?

For most people, your home can be your largest asset. It can also be the largest source of personal debt. Mortgage protection insurance is a specialized life insurance policy designed to pay off such debt in the event of your death.

Mortgage Protection term life insurance is designed to provide protection for mortgage holders. It offers a variety of provisions and optional benefits that today's homeowners want.

Can payoff your mortgage if you die. In the event of death, provides cash that may be used to pay off the mortgage, enabling the surviving spouse and children to keep the family's home. The policy pays proceeds directly to the beneficiary.