Mortgage Protection Insurance
Keep The Family Home In The Family.
For many of us, our home is our biggest investment as well as our family refuge. Losing a breadwinner can wreak havoc on the family’s finances — and their ability to stay in the home they love.
So, what’s the best way to protect your home in case something happens to you? Here are two options: mortgage protection insurance and traditional term life insurance.
If you’ve recently closed on a mortgage or home equity line, you’ve probably received a flood of solicitations for mortgage protection insurance — usually disguised as official communication from your mortgage lender with few details on what they’re selling.
Mortgage protection insurance (MPI) is a type of life insurance designed to pay off your mortgage if you were to pass away — and some policies also cover mortgage payments (usually for a limited period of time) if you become disabled.
Talk with an insurance specialist at The CFI Agency. to see if Mortgage Protection Insurance is right for you and to discuss other Life Insurance options to give your family the peace of mind they deserve.