Pierce Professional Agency
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Mortgage Protection Insurance
Mortgage Protection Insurance (MPI) safeguards your family, ensuring they can continue making monthly mortgage payments if you pass away before the mortgage is fully paid. Specific policies extend coverage for a defined period if you experience job loss or disability. While some providers call it mortgage life insurance, it typically disburses benefits solely upon the policyholder’s death.
Understanding Mortgage Insurance: A Safeguard for Homeownership
While mortgage insurance might not directly benefit borrowers, its availability greatly enhances the opportunities for individuals and families to secure a place they can call home.
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