Q and A: Should I purchase mortgage insurance through my lender?

Question:

I am planning to purchase a home and I am wondering about mortgage insurance. Should I purchase the insurance through my lender?

Answer:

If you are looking to purchase a home, you should discuss your options with your Rogers Group Financial advisor. While purchasing life insurance to deal with a mortgage debt often makes sense, your advisor may be able to recommend (and implement) more effective ways to cover the liability than simply purchasing coverage through your lender.