Life
Mortgage Insurance
Pay off the house if the worst happens.
A term life policy structured to pay off your mortgage if you pass away — keeping your family in the home without worrying about the next payment.
Why it matters
- Coverage matched to mortgage balance & term
- Level or decreasing benefit options
- Optional disability rider
- Independent of your lender
Typically included
- · Death benefit equal to mortgage balance
- · Convertible options
- · Optional disability waiver
Usually not included
- · PMI (that's a different product)
- · Investment / cash value
FAQ
Questions we hear about Mortgage Insurance.
How is this different from PMI?+
PMI protects the lender if you stop paying. This protects your family if you pass away.
Should I take the bank's mortgage insurance?+
Usually not — an independent term life policy is typically cheaper and more flexible.
Get a Mortgage Insurance quote today.
Two-minute form. Same-day response from a real local agent.