After you purchase a home with a mortgage, you may start noticing solicitations in the mail for Mortgage Protection Life Insurance (MPI). Often times, the mail contains alarmist headlines such as:
- IMPORTANT NOTICE! PLEASE COMPLETE AND RETURN!
- FINAL NOTICE! MORTGAGE PROTECTION CARD!
- NOTICE OF OFFERING! MORTGAGE FREE HOME PROTECTION!
This type of scare tactic should make you wary about getting mortgage protection life insurance. Because if the issuer is trying to scare and sell you so hard, perhaps the benefit isn’t quite there.