By purchasing a mortgage insurance product or a life insurance policy, you can effectively plan for the retirement of the mortgage debt when you are unable to continue making payments yourself. (sapling.com)
However, the price you pay may be higher than if you were to purchase mortgage insurance on your own through an insurance agent or broker, or direct online. (term-life-online.com)
Whether or not you must purchase mortgage insurance depends on the size of the down payment you make. (clearlending.com)