First time home buyers, What about Mortgage insurance plans?

Hi

My family just bought a new home and the mortgage company keeps sending me mails such as

IMPORTANT NOTICE COMPLETE AND RETURN
mortgage protection insurance plan and life insurance plan.

They make it sound like I must fill these forms out and apply. I feel like they are just extra payments that I have to make. Are they necessary?

Thanks!

Tagged with: first time home buyers • insurance • life insurance plan • mortgage • mortgage company • mortgage protection insurance

Filed under: First Time Home Mortgage