What is the primary goal of mortgage protection insurance?

The primary goal of mortgage protection insurance is to ensure mortgage repayment in case of death. This type of insurance is designed specifically to pay off the outstanding mortgage balance upon the policyholder's death, allowing the surviving family members to remain in their home without the burden of mortgage payments. This ensures financial security and stability for the family during a difficult time, preventing them from having to sell the home or face foreclosure.

The other options, while important financial considerations, do not align with the specific intention of mortgage protection insurance. For instance, paying off credit card debt or covering educational expenses for children pertains to other types of insurance or financial planning strategies. Similarly, providing income for surviving family members, while crucial, is typically the focus of life insurance policies rather than mortgage protection specific to real estate obligations. Therefore, the focus of mortgage protection insurance distinctly centers on safeguarding the homeowner's mortgage debt.