What is Mortgage Protection Insurance?
Mortgage protection insurance is a type of life insurance designed to pay off your mortgage if you pass away, become disabled, or lose your job—helping your family keep their home and avoid foreclosure.
Covered Events:
Death
Disability
Job Loss
Serious Illness
Accident Coverage
Loan Payoff
FAQ
How is mortgage protection different from regular life insurance?
Mortgage protection pays your mortgage lender directly if you pass away, while life insurance pays your chosen beneficiary who can use the money as needed.
Does it only cover death?
Some policies also cover disability or involuntary job loss—check your plan for specific coverage options and exclusions.
Is approval guaranteed?
Many policies are simplified issue, with no medical exam required and guaranteed approval for most homeowners within age limits.
Can I keep my policy if I move?
Most mortgage protection policies are tied to your loan, but some allow you to convert or transfer coverage if you refinance or move.