Mortgage term insurance can help you protect your ability to meet your financial obligation by providing a benefit in the event of your death, disability, or critical or terminal illness.

The underlying concept of mortgage insurance is that if you die, mortgage term insurance will pay off the balance of your mortgage with anything over the balance of the mortgage paid to the beneficiary.

Be careful: Mortgage Insurance it it’s most traditional form is the most dangerous financial product out there. Mortgage insurance is the one financial product which declines in value as you continue to pay the same rate