Paid to your family
The death benefit goes to your beneficiaries, who can pay off the loan or keep paying it.
Photo · mortgage.jpgCouple holding keys in front of their new home, both smiling
Mortgage protection
Keep the house in the family.
Mortgage protection is life insurance sized to your home loan, so your family can pay off the mortgage or keep making payments if you pass away.
How it works
Coverage matched to your mortgage.
Mortgage protection is usually a term or permanent life policy with a death benefit that lines up with your loan balance and term. The benefit is paid to your family, not the bank, so they decide how to use it.
Matched to your loan
Coverage amount and length can line up with your mortgage balance and term.
Optional living benefits
Some policies include benefits for critical, chronic, or terminal illness.
Questions
Common questions.
Is mortgage protection the same as PMI?
No. Private mortgage insurance (PMI) protects your lender if you stop paying. Mortgage protection life insurance protects your family and pays them, not the lender.
I got a letter about mortgage protection. Is that from my lender?
Usually not. Those letters typically come from insurance agencies using public mortgage records. We are not affiliated with any lender.
How much coverage do I need?
Most people start with their remaining loan balance. Some add extra to cover other debts or a few years of living expenses.
Do I need a medical exam?
It depends on your age, health, and the amount of coverage. Some policies don't require an exam.
Get started
Protect the home you worked for.
Tell us a little about you. We'll walk you through your options in plain language, with no pressure.