What is mortgage protection insurance & how does it work?
https://www.policygenius.com/life-insurance/mortgage-protection-life-insurance/
WEBMar 28, 2024 · Mortgage protection insurance (MPI), also known as mortgage life insurance, is a policy designed to cover your mortgage balance if you die before paying it off. The premiums you pay will be the same every month (or year, if you pay annually), but the amount of the policy’s payout will go down over time, as your loan balance goes …
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