There are several types of mortgage insurance plans to protect your home mortgage loan.
Some plans offer protection to make your payments if you lose your job, or pay off your mortgage upon your passing.
Private mortgage insurance may be required by the lender, if the borrower is putting down a down payment of less than 20% to buy the home.
In addition, there are mortgage life insurance policies you may buy to make sure your family has the money needed to pay off your mortgage upon your death.