Definition: Life insurance that pays the balance of a mortgage if the mortgagor (insured) dies.
Mortgage Insurance
By Bobbie Sage, About.com
Explore Personal Insurance
Must Reads
About.com Special Features
Start your new business on the right foot with these helpful tips. More >
Easy steps to take control of your credit card debt. More >
©2009 About.com, a part of The New York Times Company.
All rights reserved.