Mortgage protection insurance, or MPI, provides peace of mind for homeowners who want to ensure their family and investment are protected in case the unthinkable happens. Falling behind on mortgage payments can lead to foreclosure proceedings and even losing your home. MPI is a type of life insurance that pays off the remaining balance on your mortgage to your lender in the event of your unexpected death.
Mortgage protection insurance is especially beneficial to those with costly mortgages that their dependents may not be able to cover if they passed away. With MPI, you can take out a policy for the life of your mortgage, which helps pay off some or all of the mortgage if you die unexpectedly. This type of insurance is closely connected to your mortgage and provides you with an option to have payments available, so you won’t default or foreclose on the mortgage.
At our insurance agency, we understand the importance of protecting your home and investment. We offer affordable and customizable MPI policies to ensure your family’s financial stability during a difficult time. Our team of experienced agents can help you find the right policy to meet your needs and provide peace of mind for you and your loved ones. Contact us today to learn more about our mortgage protection insurance policies.