Don't leave your family with a
mortgage they can't afford.
If the unthinkable happens, Mortgage Protection Insurance (MPI) pays off your remaining home loan directly. Keep a roof over your family's head when they need it most.
- Pays the lender directly so your family isn't burdened with debt.
- No medical exams required for most guaranteed-issue policies.
- Living benefits available to cover payments if you become disabled.
Guaranteed Home Payoff
If you pass away, the policy pays the exact remaining balance of your mortgage to the bank. Your spouse and children inherit a paid-off house.
Disability & Illness Riders
Add coverage that pays your monthly mortgage note if you suffer a severe injury, heart attack, or stroke and cannot work.
No Medical Exams
Unlike traditional life insurance, MPI is extremely easy to qualify for. Pre-existing conditions rarely disqualify you from securing coverage.
Secure Your Home Today
Compare affordable mortgage protection rates. See your options in minutes.
PMI Protects the Bank. MPI Protects YOU.
Many homeowners mistakenly believe the Private Mortgage Insurance (PMI) they pay every month protects their family. It does not. It only protects the lender. You need a dedicated policy to protect your loved ones.
Decreasing Term Coverage
The standard MPI structure. The coverage amount automatically decreases over time to match your declining mortgage balance, keeping your monthly premiums highly affordable.
Disability & Illness Protection
If you suffer a critical illness (cancer, heart attack) or become disabled, this rider steps in to make your monthly mortgage payments so you can focus on recovering.
Level Term Policies
If you prefer the payout not to decrease, a Level Term policy pays out the original mortgage amount regardless of your current balance, leaving extra cash for your family.
Mortgage Protection Estimator
Calculate your family's financial exposure. See how an affordable monthly premium ensures they never face foreclosure if you pass away.
Your Home Details
The amount needed to pay off the house today.
What your family would owe every month without you.
Your Family's Exposure
Debt Left to Family
$350k
Immediate foreclosure risk
Est. Policy Premium
Per Month
Without protection, your family must suddenly find $2,500 every month to avoid losing their home. A Mortgage Protection policy completely eliminates this $350,000 debt upon your passing.
*Educational tool. Premium estimates are illustrative averages for a healthy 35-year-old on a decreasing term policy. Actual rates depend heavily on age, tobacco use, exact coverage amounts, and specific state regulations.
The Right Tool for the Job
Don't confuse MPI with Private Mortgage Insurance (PMI) or standard life insurance. See why a dedicated mortgage policy offers unique simplicity and guarantees.
| Coverage Feature | Mortgage Protection (MPI) | Standard Life Insurance | PMI (Bank Required) |
|---|---|---|---|
| Who gets the money? | The Lender (Pays off house) | Beneficiaries | The Lender |
| Who is protected? | Your Family | Your Family | Only the Bank |
| Medical Exam Required? | No (Guaranteed Issue available) | Yes (Bloodwork usually required) | No |
| Payout Amount | Matches Mortgage Balance | Fixed Amount | N/A |
Who Needs MPI the Most?
If the loss of your income would force your family to sell their home or face foreclosure, MPI is a non-negotiable safety net.
Single-Income Families
If you are the primary breadwinner, your sudden passing instantly stops the cash flow paying the mortgage. MPI guarantees the house remains paid in full.
Those with Health Conditions
Standard life insurance often denies applicants with pre-existing conditions or charges astronomical rates. MPI is frequently guaranteed-issue, making it a viable alternative.
New Homeowners
If you recently bought a home, your mortgage balance is at its highest. A decreasing term MPI policy is specifically designed to cover this massive debt affordably.
Mortgage Protection FAQs
Clear answers about securing your family's most important asset.
Is MPI required by my lender?
No. Mortgage Protection Insurance is a completely voluntary policy purchased to protect your family. Do not confuse it with PMI (Private Mortgage Insurance), which is often mandatory if you put down less than 20% on a conventional loan and only protects the lender if you default.
What happens if the policy pays out more than I owe?
If you opt for a "Level Term" MPI policy, the payout amount stays the same even as your mortgage balance decreases. If you pass away, the insurance company will pay off the remaining mortgage balance to the lender, and any extra money left over from the policy value will be paid directly to your family as beneficiaries.
Can I get it if I already have life insurance?
Yes! Many financial advisors recommend having both. A standard life insurance policy provides broad financial support for income replacement, college funds, and living expenses. Adding an MPI policy specifically guarantees the house is paid off, ensuring your life insurance payout isn't entirely consumed by the mortgage.