Mortgage protection insurance, or MPI, pays off your mortgage in the event of your death. A life insurance policy pays out a death benefit to your beneficiaries, which they can use for any purpose.

consider an alternative like a level term life insurance policy. Mortgage protection insurance can be an attractive option for homeowners looking to protect their investment and keep family ...

However, our opinions are our own. See how we rate life insurance products to write unbiased product reviews. Mortgage protection insurance can cover your mortgage payments if you die. Mortgage ...

Our new insurance expert Thomas Heyes explains how life insurance and the other protection policies can help provide vital ...

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Furthermore, the financial protection provided by life insurance is typically immediate ... the policyholder's outstanding debts, such as a mortgage, car loan, or credit card debts, relieving ...

Read our guide on mortgage protection life insurance for more information. For example, if you took out a £100,000 decreasing term insurance policy over a 40-year term, and you passed away after 20 ...

However, it also tends to be more expensive than mortgage payment protection insurance. Critical illness insurance pays a lump sum if you're diagnosed with a serious illness, but it won't provide a ...