Offers coverage for a specified period. Ideal for short-term needs. Protects families to cover mortgage balances.
Offers lifelong coverage with fixed premiums, a guaranteed death benefit, and cash value accumulation.
Indexed Universal Life (IUL) – Cash value tied to a market index like the S&P 500, with potential for higher returns.
| MPI | PMI |
|---|---|
| Protects homeowner & families | Protects the lender |
| Covers the mortgage payments if the homeowner faces death, disability, or job loss. | Covers the lender’s risk, not the borrower. |
| Family inherits the house | Lender takes property if borrower passes away |
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