Mortgage Protection Plans are a type of insurance that is designed to protect your mortgage and keep your house in your family's hands if something were to happen to you. In most states, when one passes away their home and estate goes to the state and family then has to contend to gain their rightful property back. Or, the bank takes back ownership of the home, leaving the family to disperse.

With mortgage protection insurance, your home will be completely paid off in the event that something happens to you.  All remaining funds after the mortgage is paid will go to your selected beneficiary.

Return Of Premium

One of the most popular plans available is known as Return of Premium (ROP) Mortgage Protection. With this arrangement, at the end of your term of insurance, the total amount of premiums that you have paid for your Mortgage Protection Plan are returned to you 100%, every single dollar. This is a WIN WIN any way you slice it.