Should I discuss my Mortgage Protection Insurance policy with my beneficiaries?

This type of insurance policy covers your remaining home loan balance if you die. However, mortgage protection insurance, also known as mortgage life insurance ... May 7, 2020 ... Ask the customer future-oriented questions. This will focus the conversation toward the future outcome and away from their sacrifice today. Private Mortgage Insurance (PMI) serves as a safeguard for a lender when a borrower makes a down payment of less than 20% on a home purchase. Private mortgage insurance (PMI), sometimes called “default insurance” or “mortgage guaranty insurance,” protects lenders against losses when a homeowner ... MPI is life insurance that is designed to protect your family from burdensome mortgage payments if you are no longer able to provide an income. Apr 4, 2023 ... Mortgage protection insurance (MPI)—also known as mortgage life insurance—covers your mortgage if you die ... This fee is mandatory for most VA loan borrowers and helps to fund the program. MPI is a voluntary insurance product designed to protect the borrower's family ... A mortgage life policy benefits you, the homeowner, by making sure your family's home is owned “free and clear” should either you or your spouse pass away ... Dec 6, 2023 ... You must take out mortgage protection insurance when you get a mortgage, except in certain circumstances, see below. Mortgage repayment protection insurance is ... Veterans Mortgage Life Insurance (VMLI) is designed to provide financial protection to cover an eligible veteran's outstanding home mortgage in the event of ...