Help your family keep the home you built.
Mortgage protection is life insurance sized to your mortgage. If you pass away, the benefit goes to your family, so they can pay off the loan or keep making payments, and stay in the home you built together.
What would happen to the mortgage?
Your mortgage doesn't go away when a paycheck does. Here's how coverage can help in the moments that matter.
The benefit goes to your family
They can pay off the mortgage, keep making payments, or use the money for other bills. It's their choice.
Living-benefit riders
Some policies offer optional riders that may let you access part of the benefit early for a qualifying terminal, chronic, or critical illness.
Return-of-premium options
Some term policies offer a return-of-premium feature, usually at a higher cost. Your agent can show you how it compares.
Mortgage protection vs. PMI
They sound alike, but they protect different people.
| Mortgage protection life insurance | PMI (private mortgage insurance) | |
|---|---|---|
| Who it protects | Your family. The benefit is paid to the beneficiary you choose. | Your lender, if you stop making payments. |
| Pays if you pass away? | Yes, a death benefit to your beneficiary. | No. PMI doesn't pay off your loan when you die. |
| Who decides how money is used | Your family. | Not applicable. |
| Required? | No, it's your choice. | Often required by lenders on loans with a smaller down payment. |
Built around your home loan
- Coverage amount: usually matched to your mortgage balance, or more if you want to cover other bills
- Term length: often matched to the years left on your loan
- Policy type: term or permanent coverage, depending on your goals and budget
- New homeowner? You may get mail about mortgage protection after closing. We're happy to explain those offers too.
How protected is your home?
Answer 6 quick questions about your mortgage and family, and a licensed agent will follow up with options that fit. No cost, no obligation.
See your mortgage protection options
Tell us about your home loan and a licensed agent will compare options from the companies we represent.
- Coverage sized to your mortgage
- Options with and without a medical exam
- No cost to compare, no obligation
Mortgage protection questions
Is mortgage protection the same as life insurance?
Yes. It's life insurance designed around your mortgage. The benefit is paid to your beneficiary, not your lender.
Does the coverage go down as my loan balance goes down?
It depends on the policy. Some keep a level death benefit; others decrease over time. Your agent will explain the difference before you choose.
Do I need a medical exam?
Not always. Some policies use health questions instead of an exam. Options vary by company, age, and coverage amount.
I got a letter about mortgage protection after closing. Is it from my lender?
Usually not. Those letters typically come from insurance marketers using public records. You're never required to respond. We're happy to review any offer with you.
What if I refinance or move?
A life insurance policy isn't tied to a specific loan, so it generally stays in force as long as premiums are paid. You may want to review your coverage amount.
Protect the home your family counts on.
A free 15-minute call with a licensed agent on our team.