Insurance with Infiniti Episode 2: 🛡️Mortgage Protection Insurance Explained! (PMI vs. MPI)

Often I'll get clients confused about mortgage protection insurance (MPI) and they'll tell me the lender made them get mortgage insurance already.

Typically (not always) the lenders will make a lender get private mortgage insurance (PMI) which is backed into your monthly mortgage payments. What many borrowers don't understand is that MOST of the time this insurance only protects the bank from foreclosure should you stop paying your bill. However you and your family would still be on the hook for those payments and could still be foreclosed on if you are unable to do so.

Mortgage protection insurance (MPI) is a form of life coverage that can cover all or part of your mortgage/debt balance. It can either be a term product for the life of the loan or it can be partial coverage in the form of permanent insurance.

Different families qualify for different things and have different needs. If you have questions about MPI, reach out to a licensed insurance agent/broker today. I happen to run FREE consultations on mortgage protection insurance and am appointed with numerous carriers so I can offer the best benefits to my clients.

If you are a Missouri (MO) or Michigan (MI) resident, I run business in both states and would be more than glad to help you today. Visit the website below to schedule a consultation:

https://whitleyagency.carrd.co/