Mortgage Protection Insurance is a smart and affordable way to ensure your family never has to worry about losing their home if the unexpected happens.
Mortgage Protection Term Life Insurance is a smart and affordable way to ensure your family never has to worry about losing their home if the unexpected happens.
This type of coverage is designed to match your mortgage—both in length and value—so if you pass away during the policy term, your loved ones won’t be left struggling with payments. Instead, the policy steps in to help pay off the loan or cover monthly payments for a set period of time.
Many mortgage protection plans also come with living benefits, meaning you could access a portion of the policy if you’re diagnosed with a serious illness while you’re still alive.
Traditional life insurance pays a lump sum to your beneficiaries, but may not always be aligned with your home loan. Mortgage protection is more focused—its purpose is to keep your family in the home.
Here’s what makes it unique:
✅ Pays off or helps cover your mortgage if you pass away
✅ Can include living benefits for illness
✅ Matches your mortgage term (e.g., 15, 20, 30 years)
✅ Often includes optional riders like accidental death coverage
✅ Pays a tax-free benefit to your chosen beneficiary or directly to the lender
The #1 reason people choose mortgage protection: your loved ones can stay in the home, without worrying about payments.
Because it’s term-based, coverage is often budget-friendly—starting as low as $20–$50/month for healthy individuals.
The death benefit is not taxed, so your family receives the full payout.
Choose a policy length and amount that matches your loan—whether it's 15 or 30 years.
Some policies allow you to access part of the death benefit early if you're diagnosed with a critical, chronic, or terminal illness.
Optional features like accidental death riders can increase the payout if death occurs under unexpected circumstances.
Mortgage protection policies work similarly to traditional term life insurance:
Your family stays protected. Your home stays in the family.
This type of policy is a great fit for:
🏠 Homeowners with dependents or a spouse relying on their income
💍 Newlyweds who just bought a home together
👶 Parents with young children
🧑💼 First-time homebuyers protecting their biggest asset
💸 Anyone with a mortgage who wants peace of mind
If someone depends on your income to keep the roof over their head, mortgage protection is worth serious consideration.
Premiums vary based on:
Many people find coverage starts around $20–$50 per month, depending on your personal profile and coverage level.
Your home is more than just a place—it’s your legacy, your family’s safe space, and likely your biggest investment. Mortgage protection ensures that no matter what happens, your loved ones can stay where they belong.
It’s affordable, flexible, and gives you the peace of mind that your home—and everything you’ve worked for—is secured for the future.
Let’s talk. We’ll help you find a plan that fits your needs and your budget. Get a free quote from a licensed advisor today.
Whether you need life, health, or auto insurance, we’ve got you covered with reliable, affordable plans tailored to your needs.
