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Protect Your Home with Mortgage Protection Insurance
When you buy a home, you're making one of the biggest financial commitments of your life. Mortgage Protection Insurance helps ensure that your family can keep that home, even if life throws unexpected challenges your way. It's about protecting what matters most.
The Basics
What Is Mortgage Protection Insurance?
Mortgage Protection Insurance (MPI) is a specialized insurance policy designed to protect your most valuable asset—your home. This coverage ensures that if you pass away or become unable to work due to a serious disability, your mortgage payments will be taken care of.
Unlike other types of insurance, MPI is specifically tied to your home loan. It acts as a financial safety net, giving you confidence that your family won't face the heartbreak of losing their home during an already difficult time.
Protects Your Family
Ensures your loved ones can stay in their home without worrying about mortgage payments
Peace of Mind
Sleep better knowing there's a backup plan if something unexpected happens
Financial Safety Net
Covers your mortgage balance so your family doesn't inherit debt along with grief
How It Works
How Does It Work?
Understanding how Mortgage Protection Insurance operates is straightforward. Here's a step-by-step breakdown of what you need to know about coverage, payments, and benefits.
01
Pay Your Premium
You make affordable monthly payments, typically for the same length as your mortgage term—usually 15 or 30 years.
02
Coverage Activates When Needed
If you pass away during the coverage period, the insurance company pays the remaining mortgage balance directly to your lender, eliminating the debt.
03
Additional Protection Options
Many policies offer extra benefits if you become disabled or unexpectedly lose your job, helping cover payments temporarily while you get back on your feet.
04
Coverage Adjusts Over Time
As you pay down your mortgage, the coverage amount decreases to match what you still owe, keeping premiums more affordable.
Key Differences
MPI vs. Other Mortgage Insurance: What's the Difference?
Many people get confused by the different types of mortgage insurance. While they sound similar, they serve very different purposes. Let's clear up the confusion so you can make informed decisions.
Mortgage Protection Insurance (MPI)
Who it protects: Your family
What it does: Pays off your entire mortgage balance if you die or become disabled, ensuring your loved ones keep the home
Who chooses it: Optional coverage you purchase for family protection
Private Mortgage Insurance (PMI)
Who it protects: The lender
What it does: Protects the bank if you stop making payments; required when your down payment is less than 20%
Who chooses it: Required by lender, NOT optional, and does NOT pay off your mortgage if you die
FHA Mortgage Insurance Premium (MIP)
Who it protects: The lender and FHA program
What it does: Required for all FHA loans regardless of down payment; protects the lender, not your family
Who chooses it: Mandatory with FHA loans and provides no death benefit to your family

Important Note: PMI and MIP protect lenders, not families. Only MPI provides the peace of mind that your home will be paid off for your loved ones if something happens to you.
Making Your Decision
Is Mortgage Protection Insurance Right for You?
Deciding whether to purchase Mortgage Protection Insurance is an important personal choice that depends on your unique situation, family needs, and financial goals. There's no one-size-fits-all answer.
Consider your current life insurance coverage, your family's ability to make mortgage payments without your income, and whether having mortgage-specific protection gives you valuable peace of mind.
Weighing Your Options
✓ When MPI Makes Sense
  • You want guaranteed mortgage payoff protection
  • You have limited or no other life insurance
  • You value the simplicity of coverage tied directly to your loan
  • Peace of mind about your home is a top priority
⚠ Things to Consider
  • MPI premiums can be higher than term life insurance
  • Coverage only pays the mortgage, not other family expenses
  • Benefits decrease as you pay down your loan
  • Term life insurance may offer more flexibility
Take the Next Step
The best way to determine if Mortgage Protection Insurance fits your needs is to talk with a qualified insurance professional who can review your complete financial picture. They can help you compare MPI with other life insurance options and find the right balance of protection and affordability for your family.
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National Producer Number: 6605354

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Last Updated: January 16, 2026
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