Mortgage protection and life insurance (Information and Ideas only)
https://www.investopedia.com/best-mortgage-protection-insurance-5094135 Not required; life insurance is recommended. KEY TAKEAWAYS Mortgage protection insurance (MPI) is a type of life insurance policy that offers dual benefits and helps the family with a mortgage if you die. If you have mortgage insurance, it will help you pay a portion or all your mortgage in case you die. Some insurance companies will let you turn the mortgage insurance into a life insurance policy and some providers let you add riders to help with living benefits. If you’re a senior citizen or have a medical condition, such as a heart condition or cancer, you may be prevented from getting a mortgage insurance policy.