what is mortgage protection insurance?

jhon paul

Active member
Mortgage protection insurance is a type of life insurance that is designed to pay off your mortgage If you were to pass away And some of the policies also cover mortgage insurance. when you consider mortgage protection insurance you can choose from different types of cover:
  • Accident and sickness
  • unemployment
  • Accident sickness and unemployment
As you are one to take a mortgage debt responsibility you need to fulfill with irrespective situations you cannot leave the debts for your family members to clear them.
 

Mandy96

Valued Contributor
I mean this sounds kind of weird to me, the insurer will get to be the one that pays my mortgage when it’s due and I get to pay the premium payment to the insurance company. Well the only way it could make sense to me is if the amount paid as premium is lower than that of the mortgage
 
Comment
Top