Is Mortgage Repayment Insurance Worth the Cost? 3816762268780510832-blid-4396492111487421000

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Mortgage repayment insurance is a type of insurance that will pay off your mortgage should you die, become unemployed, or become disabled. This type of insurance is a combination of life insurance, unemployment insurance, and disability insurance that protects the most valuable asset most people possess - their home. You can even get added protection that will pay your mortgage premiums for a period of time if you involuntarily lose your job. It sounds like a great idea, but it may not be the best financial product for you or even one that you need.