If you were to die with a mortgage balance remaining, mortgage protection insurance — also known as mortgage life insurance — would ensure it got paid off. That way, your loved ones could continue to live in your home without worrying about continuing to make payments.This might sound like a good arrangement, especially considering how big of an investment a home is and how much of a family’s budget monthly mortgage payments can comprise. But is mortgage protection insurance really necessary, and is it actually the best way achieve that peace of mind?
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