Mortgage Protection Insurance

Digitalseo08 Mar, 2019Finance

Similarly, you can buy mortgage protection insurance to shield repayment mortgage. If policy holder dies when the mortgage life insurance is still in force, the policy would pay the capital sum that is just enough to repay the due mortgage. This insurance policy is important because it protects the ability to repay the mortgage for the life-time. This is just in contrast to private mortgage insurance that is meant for protecting the borrower from any risk of default.