Help Keep the Home Secure When Life Changes.
Mortgage protection commonly uses life insurance to help a family address mortgage payments or remaining loan obligations after a death.
Protect the home by protecting the household.
The policy is generally owned by the insured, and the beneficiary can use proceeds according to the family's needs, subject to policy terms.
- Help pay off or reduce a mortgage balance
- Provide time for surviving family members to adjust
- Protect household income used for housing costs
- Add optional living benefit riders when available
- Coordinate coverage with other life insurance
Start with your goals.
Coverage recommendations should be based on your needs, budget, health, time horizon, and available carrier options.
Schedule a ConsultationUnderstand the basics before you apply.
Is mortgage protection the same as private mortgage insurance?
No. Private mortgage insurance protects the lender. Mortgage protection through life insurance is designed to protect the insured's beneficiaries.
Does the benefit have to be paid directly to the lender?
Not usually when using an individually owned life insurance policy. Beneficiaries generally receive the proceeds and decide how to use them.
Can coverage include more than the mortgage balance?
Yes, depending on eligibility and needs. Coverage may also address income replacement, debts, and other family goals.