When purchasing a first home, young couples are often introduced to a specialized financial product known as mortgage life insurance. This type of policy is specifically designed to protect your home investment by ensuring that the outstanding balance of your home loan is paid off in the event of your untimely passing. Unlike traditional life insurance, where the payout goes directly to your chosen beneficiaries to spend as they see fit, the beneficiary of a mortgage protection policy is almost always the mortgage lender. This means the
