Yes, mortgage protection insurance may provide protection to pay your mortgage if you become disabled or lose your job; however, read your policy to make sure it provides for you in the ways you need coverage.

Another form of coverage is called level term life insurance that is essentially mortgage term life insurance protection for 20 or 30 years, but the proceeds are paid out only upon your death, and they go to your beneficiary, not the mortgage lender.

That way, your family can use the money as needed to pay the mortgage and pay for their living expenses.

To learn more - visit Mortgage Life Insurance and find out if it's right for you and your situation.