MPI vs. term life insurance.
Mortgage protection insurance
Term life insurance
Pros
No medical exam Most people qualify
Ethos policies start at $20,000 and go up to $2 million You can choose your coverage length from 10 to 30 years Coverage includes all life expenses (up to your limit during the policy term) You can choose your beneficiary Rates are based on your unique life circumstances Payout doesn’t reduce over time while the coverage is active
Cons
Payment amount is reduced over time, but your premium stays the same The lender is your beneficiary The policy only protects your mortgage Coverage only lasts as long as your mortgage Often more expensive than life insurance
Not everyone qualifies
Get term today, save for years to come. Getting to choose your coverage amount, your beneficiaries, and even your term makes term life insurance the best value…and don’t forget the option to cover more than just your mortgage. Life insurance gets more expensive as you age, so the sooner you buy, the more affordable it is. Apply today to lock in your lowest rate.
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