Mortgage Life Insurance Protects Your Family’s Home
Your home may be one of the biggest investments you’ll ever make, and your family probably depends on your income to help make the mortgage payments.
So, in the event of your death, your loved ones might struggle to keep your home. You can help prevent that from happening. Take an important step now to help protect your home and family with mortgage life insurance.
Term lengths of coverage for a period of 10, 15, 20, 25 or 30 years.
Coverage amounts starting at $50,000 up to $1,000,000 or more.
Issue Ages for People ages 20 to 75 and over
Our job is to help you shop, compare and save on mortgage life insurance. Regardless of your age or health background, we’ll shop our 40+ insurance companies and find you affordable mortgage life insurance you need to protect your family and fit your budget. Compare the best mortgage life insurance rates from 40 top carriers for savings up to 73%.
How Mortgage Protection Insurance Works
A mortgage term life insurance policy helps guarantee your loved ones a tax-free benefit in the event of your death – funds they can use to help with mortgage payments.
- Policy terms are available for 15, 20 or 30 years.
- Premiums can be paid monthly, quarterly, semi-annually or annually.
- You can choose the coverage you need based on your mortgage balance.
- Premiums are scheduled to be level for the life of your policy.
- No matter how large your death benefit it passes to your beneficiaries generally free from income tax.
Advantages of Mortgage Life Insurance
Mortgage life insurance gives your family peace of mind. In the event of your death, the mortgage life insurance policy covers your home mortgage loan to the bank and your mortgage is fully repaid.
The benefit is knowing that your house will be fully repaid and you will not have to worry about your family struggling to make mortgage payments.
Another advantage of mortgage life insurance is coverage with minimal underwriting – there is often no medical examination or blood sample required at the inception of your policy. Thus it can be a valuable insurance policy option for the homeowner that has a serious pre-existing medical condition that would preclude a normal life insurance policy.
How long does mortgage payoff insurance last?
You may be able to choose coverage for a period of 10, 15, 20 or 30 years depending on the insurance company.
How much does mortgage life insurance cost?
The price you are charged for your mortgage insurance will vary by insurance company, that’s why it is important to compare prices among several of the best mortgage life insurance companies.
Your price is based on your age, gender, the amount of life insurance protection and the length of your coverage from 10 to 30 years.
In addition, your own personal risk factors are considered, including your health, lifestyle, tobacco use, height-to-weight ratio, occupation, hobbies, driving record – all of which may affect how long you are expected to live.
Please contact us so we can start working to compare coverage and costs!