Fewer insurance companies have been offering mortgage life insurance policies in recent years. This may be due to more customers choosing other life insurance products. The fact that many homeowners stay in their homes for less than 30 years has made MPI a less popular product.
However, you can still apply for MPI from some insurance companies, including many of the major carriers. If you’re interested in MPI, you may want to talk to your home insurance provider to see if they offer a policy bundle.