What is Mortgage Protection Insurance? Should I have it?

When you first buy a home you will likely receive several offers for insurance to pay off your mortgage in the case that you pass away. This is actually a special form of Life Insurance in which the death benefit goes directly to your mortgage company to pay off your loan if you die. While that is certainly a good idea to protect your family, having a traditional life insurance policy where your spouse or relative is the beneficiary is almost always a better investment. Feel free to Contact Us to learn more and talk to one of our Life Insurance Experts.


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