Mortgage Insurance is a form of Term. It requires a monthly fee to be paid by those holding mortgages. Should you be unable to continue paying that mortgage at any time due to unforeseen circumstances or death, it will continue to make those payments for you. It is better than what a bank offers.

Mortgage insurance is a monthly fee paid by mortgage-holders to protect themselves or their families in the event that the mortgage holder is unable to continue paying the mortgage, due to death or unforeseen circumstance. This insurance is often mandatory for new homeowners.

If you want simple and affordable mortgage insurance that protects your loved ones from financial burden when you die, this is a good option to consider.