Mortgage Protection Insurance (MPI) provides financial security for homeowners, ensuring mortgage payments are covered in the event of unforeseen circumstances.
Coverage for Mortgage Payments
MPI ensures your mortgage payments continue if you pass away before the loan is fully paid off.
Protection Against Foreclosure
MPI prevents foreclosure by covering mortgage payments if you become disabled and unable to work, covering your monthly principal and interest during the period of disability.
Benefits of Mortgage Protection Insurance
Financial Security:
MPI provides peace of mind by ensuring that mortgage payments continue to be made, even in challenging circumstances.
Family Protection:
In the event of the policyholder’s death or disability, MPI protects surviving family members from the financial burden of mortgage debt.
Flexibility:
MPI policies can be tailored to individual needs, offering customizable coverage options and benefits.
Ease of Qualification:
Compared to traditional life insurance, MPI often has more lenient underwriting criteria, making it accessible to a broader range of applicants. Which one do you prefer / same thing written differently
No Medical Exam:
Typically, MPI policies do not require a life insurance medical exam. Guaranteed acceptance which is especially important if you have health challenges or work in a high-risk or dangerous job.
