How mortgage protection insurance works, what it costs, and when it’s actually useful in a financial plan.

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 ...

Decreasing term life insurance provides temporary coverage for a specific financial need like an outstanding debt or mortgage. It may cost less than level term life insurance because the death benefit ...

Life insurance is a way to provide financial security for your loved ones in the event of your death. You purchase a policy and make regular payments, and the insurer will pay a tax-free death benefit ...