Mortgage Protection — Keep Your Family in Their Home
Life insurance can help ensure your family is not left managing a mortgage on a reduced income. Mortgage protection is a practical approach to one of your largest financial obligations.
No agent calls. Online process. No obligation to apply.
Cover the Mortgage Balance
Life insurance can be structured to align with your mortgage balance, so your family could continue making payments or pay off the home entirely if you pass away.
Keep the Family in the Home
Losing the primary income earner is already difficult. Not having to worry about the mortgage payment gives surviving family members one fewer crisis to manage.
Term Life Can Serve This Purpose
Traditional term life insurance — not a separate "mortgage insurance" product — is often used for this purpose, with the death benefit paid to beneficiaries who choose how to use it.
Mortgage protection vs. PMI — not the same thing.
Private mortgage insurance (PMI) protects the lender if you default. Mortgage protection life insurance protects your family if you pass away. They serve completely different purposes.
Required by lenders when your down payment is under 20%. Protects the lender — not you or your family.
A voluntary life insurance decision. Benefits go to your beneficiaries, who can use them to cover the mortgage or any other need.
Who considers mortgage protection coverage.
- Homeowners with an outstanding mortgage balance
- Primary income earners whose spouse could not cover the mortgage alone
- New homeowners with a large recent mortgage
- People who want coverage aligned with their largest debt
- Families where the home represents the primary financial asset
How much coverage do you need?
The calculator factors in your mortgage balance alongside income and other obligations.
Use the Calculator →Explore mortgage protection options online.
No agent calls. Review available life insurance options online and start the application path.
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