*Loan,banking and credit>>>mortgage insurance

Pro and con of credit life insurance on mortgage?

Pro: It protects the lender in case something happens to you.
Con: It protects the lender in case something happens to you.

It does very little for you as a borrower. Most borrowers who purchase it don't really understand what they are buying, or what it does. If you feel like your family needs some sort of protection from something catastrophic, then buy a term life policy.

It's expensive, and does nothing to help the person paying for it.

Define the goal first, then start shopping around for the product that BEST meets that goal at the lowest cost.

I've never met ANYONE who's main goal was protecting the lender first, before themselves.
agent, 21+ years
It tends to be expensive. You can find better rates if you search elsewhere - especially if you are in good health.

It may also not do what YOU want. It pays off the lender. If you have a family, you may want them taken care of first.