Protect Your Mortgage Loan

Mortgage protection insurance (MPI) is a type of life insurance designed to help pay off your mortgage if you die, become disabled, or lose your job — depending on the policy.

It’s insurance that helps your family keep your home if something happens to you and you can’t make the mortgage payments.

• Death: Pays off the remaining mortgage balance if you die.
• Disability (optional add-on): Covers your monthly mortgage payments if you're too sick or injured to work. 
• Job loss (optional add-on): Helps cover payments for a limited time if you're laid off.
   

• You pay a monthly premium.
• If a covered event happens, the insurer pays the mortgage directly to your lender, not your family.
• Coverage usually decreases as your mortgage balance goes down.
   

• People with large mortgages 
• Families relying on one income
• Those who might not qualify for traditional life insurance