How mortgage protection insurance works, what it costs, and when it’s actually useful in a financial plan.

Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work. MPI is similar to life ...

One of the biggest financial commitments you can make in life is the purchase of a home. But have you stopped to think about how your family could continue making mortgage payments if you or your ...

Text Callout : Key Takeaways - Mortgage Protection Insurance: What Is It and Should You Get It? Mortgage protection insurance can be an attractive option for homeowners looking to protect their ...

Life insurance can provide loved ones with the financial protection they need if the policyholder were to pass away unexpectedly. For those that own a home and have a mortgage, mortgage protection ...

When you buy a home, you’re probably going to encounter some unfamiliar and potentially confusing acronyms such as PMI, MIP, and MPI. The last of these, MPI, stands for mortgage protection insurance, ...

Mortgage protection insurance can be an attractive option for homeowners looking to protect their investment and keep family members from financial troubles. This type of insurance policy covers your ...

Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See ...