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Benefits of Mortgage Protection Insurance
As a homeowner, there are several responsibilities that you need to shoulder. One aspect you need to take care of is the cost of homeowners insurance that shields you from several potential adversities. However, what happens when you are incapable of meeting your mortgage payments? This is where mortgage protection life insurance comes into play.
Mortgage Protection assists your family in covering your mortgage and providing supplemental income if the unthinkable happens. With most plans, you can also accelerate living benefits to help offset expenses in the event of disability, chronic or critical illness. With mortgage protection insurance, you can avoid foreclosure and ensure that your family stays in their home.
If you’re uncertain whether MPI is right for you, don’t hesitate to reach out to us. Our insurance advisors are available to provide assistance and answer any questions you may have. Contact us today to learn more!