Mortgage Protection Insurance

MPI is what Mortgage Protection Insurance is sometimes referred to as and it is simply a form of life insurance.

There are a variety of factors that influence the cost such as the amount of your mortgage, your health, and your age.

If your purchase an MPI policy that is designed to pay off your mortgage in the event of your death, the insurance company will usually send a check directly to your mortgage company, leaving your heirs with a home that is unencumbered by a mortgage.