Mortgage Insurance Basics The individual buys a house and takes out a big loan to pay for it. Now, the bank is asking whether they want life insurance.  Reluctant to leave an unpaid debt when they die, they say yes.  Within minutes, their application is approved and the cost is added to their mortgage payments. For lenders, life insurance is an easy sell.  They suggest it at a time when the customer is most vulnerable and have yet to do any comparison shopping.  The... [read more]