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Mortgage Insurance

If you have a mortgage on a home or condominium, you should strongly consider mortgage term insurance. Your house is a big investment, and also one of the largest sources of personal debt. Mortgage term insurance is purchased to protect dependent survivors against the death of a person paying off a mortgage while the mortgage is not fully paid. You may be offered this type of coverage through the financial institution holding your mortgage, but you can purchase this type of insurance from any insurance provider.