Mortgage Protection Insurance
Make sure your family can stay in the home you've built, no matter what.
What is mortgage protection?
Mortgage protection is life insurance designed around your home loan. If you pass away, the policy pays a benefit your family can use to pay off or keep up with the mortgage, so they aren't forced to move during an already difficult time.
Unlike lender-provided mortgage insurance (PMI), which protects the bank, mortgage protection life insurance pays your beneficiaries. Many plans can also include optional living benefits or riders, such as coverage if you become critically ill or disabled, depending on the carrier and your state.
Who it's for
- New homeowners and families who just bought or refinanced
- Households that rely on one or two incomes to pay the mortgage
- Parents who want the kids to stay in the same home and schools
- Anyone who wants their biggest debt covered
Frequently asked questions
Is this the same as PMI?
No. PMI protects your lender if you stop paying. Mortgage protection life insurance protects your family by paying your chosen beneficiaries.
Does the money have to go to the mortgage?
Generally no. Your beneficiaries receive the benefit and decide how to use it, whether that's paying off the home or covering other needs.
What kind of policy is it?
It's often structured as term life matched to your loan length, but it can also be permanent coverage. We'll match the structure to your loan and goals.
What are living benefits?
Some policies offer riders that let you access part of the benefit early for certain qualifying critical, chronic, or terminal illnesses. Availability varies by carrier and state.
Ready to protect what matters most?
Get a no-obligation quote. We'll compare options and explain everything in plain English.