Mortgage insurance is a wise move. Should anything happen to you, your spouse would be protected by having mortgage insurance. The house would be paid for and your family’s financial security would be a little bit better off. Or, if you have mortgage insurance that is triggered by your disability or being unable to work, then you and your spouse are both covered if something bad should happen.
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Mortgage insurance actually is such a good idea that many mortgage companies, in fact most of them, insist on it. That is wise on the part of the mortgage company because it provides them with additional security, and makes it easier for them to justify loaning you the money for your mortgage. From a business standpoint it really just makes sense both for you and for them.