Mortgage Insurance is a kind of insurance that provides coverage to the lenders against the event when borrower may become default.

: The article gives certain information about the whole life insurance that can be considered beneficial. It gives the basic definition of this type of policy. It tells the reader about the different options in this insurance as well as explains the benefits and the hint of some investment.

PMI is not about protecting you at all. it’s about protecting the lender in case you default on your home loan. It diversifies that risk to a third party. PMI can vary but the general range is somewhere between half and one percent.