Of sole breadwinners and mortgage insurance

A mortgage insurance can come in handy as it helps the borrower or family who have been left behind pay a portion or all of their mortgage obligations in the event of the borrowers’ demise or total permanent disability, depending on the terms of the insurance policy.

A MORTGAGE insurance policy is a rare add-on for Malaysians when purchasing a house with a loan from the bank.

However, it may prove to be useful especially if the asset is being financed by the sole breadwinner of the family and more so should it be owner-occupied.