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Real Estate

What is mortgage protection insurance?

Quick Answer

Mortgage protection insurance (MPI) is a life insurance policy whose death benefit declines as your mortgage balance amortizes, and which usually pays the lender directly.

Comparison of MPI vs term life over a 30 year mortgage.
Warren Team
Updated April 26, 2026
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Important Disclaimer:

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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