Mortgage protection life insurance
If you were gone next month, the mortgage payment would still come due.
Give your family a way to keep the house.
- Pays the people you name, not the bank, if you die while the policy is in force
- May pay part of the benefit early for a qualifying serious illness
- Coverage sized to what's owed on the home
Who it pays
Money to help them keep the house.
If you die while the policy is in force, the money goes to the people you name, not the bank. With coverage sized to what's owed on the home, they choose what to do:
Living benefits
A serious illness doesn't pause the mortgage.
Some policies include living benefits. If you're diagnosed with a qualifying serious illness, the policy may pay part of the benefit early, while you're still alive.
If you get seriously ill
Part of the benefit may be paid early after a qualifying diagnosis.
Help with the bills
An early payment for a qualifying serious illness may help cover the mortgage payment and other bills.
The remaining benefit
Anything paid early comes off the death benefit. What's left goes to the people you name if you die while the policy is in force.
What qualifies depends on the policy and the carrier, and not every policy includes living benefits. The agent explains what applies.
72%overestimated the cost of basic term life.*
What it costs
Most people guess too high.
Your price depends on your age, your health, whether you use tobacco, and how much coverage you choose. A licensed agent goes over real prices with you on the call, and asking doesn't commit you to buy.
Get my quote*72% overestimated the cost of basic term life in the LIMRA and Life Happens 2024 Insurance Barometer Study.
How it works
What happens next
- Answer a few quick questions. About two minutes.
- A licensed agent calls, usually within minutes, between 8am and 8pm your time, from a number you may not recognize.
- They ask a few follow-up questions and go over coverage options and cost.
Before you start
Common questions.
Already have life insurance through work, or savings? A quote shows what it would cost to cover any gap with the mortgage and other bills.
What is mortgage protection insurance?
It's life insurance sized to what's owed on the home. If you die while the policy is in force, it pays the people you name, not the bank. They decide whether to pay off the mortgage, pay it down, or keep making payments.
How much does it cost?
Your age, your health, whether you use tobacco and how much coverage you choose all affect the price. It usually costs less the sooner you buy. A licensed agent gives you real prices on the call.
Isn't the life insurance through work enough?
It may not be. Coverage through work often ends when the job does, and the amount may not match what's owed on the home. A policy of your own isn't tied to your job.
What if we have savings?
Savings help. The question is how long they would last with the mortgage payment and every other bill still due. A policy can cover the part savings can't.
Does the policy stay with me if I move or refinance?
Yes. It's your own life insurance policy, not insurance bought through the lender, so it isn't tied to the loan. It stays in force as long as the premiums are paid, under the terms of the policy.
What are living benefits?
Some life insurance policies may pay part of the benefit early if you're diagnosed with a qualifying serious illness. What qualifies depends on the policy and the carrier. Anything paid early comes off the death benefit. The agent explains what applies.
Do I have to buy anything?
No. Asking for a quote doesn't commit you to buy anything. The agent goes over coverage and cost with you, and you decide whether to apply. If it isn't a fit, just tell the agent.
About two minutes
Who would need to keep the house?
Answer a few quick questions. A licensed agent will call to go over coverage and cost, and you decide from there.
Get my quote