Mortgage Protection Insurance provides financial protection to homeowners in unexpected circumstances such as job loss, disability, or death.

Mortgage Protection insurance is designed to cover mortgage payments or pay off the mortgage balance entirely, providing homeowners peace of mind in unforeseen circumstances.

Unlike other types of insurance, Mortgage Protection Insurance is specifically designed to cover mortgage payments or pay off the mortgage balance entirely.

Different Mortgage Protection Insurance policies include decreasing term, level term, and whole-of-life policies. 

The decreasing term policy is the most common and affordable option because the coverage amount decreases over time as the mortgage balance decreases.