Mortgage Life Insurance

Mortgage Life Insurance Information



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These lowest rates and companies are frequently updated to help you shop, but if you aren't sure where you fit because of your medical history or risk profile, don't hesitate to call us at 1-888-825-8762 and let us shop for you.

 

Mortgage life insurance, also known as mortgage protection insurance, is a financial product used to protect your family and home.  There is no difference between regular life insurance and mortgage life insurance.  They both pay a death benefit that is paid to your named beneficiary.  However, some mortgage companies may offer a policy like this and name themselves beneficiary.  We think it is better to be able to name your own beneficiary-which is what our companies offer.

You can use term life (guaranteed rate for a period of 10, 15, 20, or 30 years) or permanent life (projected rate normally lasts for life).  Term life is more common and usually a 15 or 30 year guaranteed rate is used.  We recommend 15 or 20 years, rather than 30, because the rate is lower and most people don't stay with the same mortgage or even the same home. 

There is a huge difference in rates between companies so use our instant quote service and then let us get you the lowest rate!