Direct answer
No, standard mortgage protection insurance is designed to pay off your home loan specifically in the event of death or, in some cases, disability. It does not provide benefits for voluntary lifestyle changes or unemployment due to child-rearing.
Standard policy language found in typical Mortgage Protection Insurance (MPI) contract disclosures.
What this means for you
No, standard mortgage protection insurance is designed to pay off your home loan specifically in the event of death or, in some cases, disability. It does not provide benefits for voluntary lifestyle changes or unemployment due to child-rearing.
FARMER STOCKMAN
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This page is informational and not a coverage guarantee or quote.
