What is mortgage life insurance for?

Mortgage life insurance is life insurance to pay off the outstanding balance on your home mortgage loan upon your death.

Many people choose to buy a mortgage life insurance policy so that their their family will be able to go on living on the home they shared with the insured person while still alive. It's a way to provide yourself with peace of mind, and your family with financial security in case you pass away.

Let's face it, would;t you rather your family kept living in the home they shared so many memories with you if thou were no longer there, instead of them having to move and maybe not having the money to keep paying the bills without your income?

You can choose a mortgage life insurance plan with a term of 10, 15, 20, 25 or 30 years to match the length of your home mortgage loan so you know your family will have the money needed to keep their home.