What is Mortgage Term Life Insurance?

If you are buying a new home or have a home, you may be considering mortgage life insurance to pay off your outstanding mortgage should you pass away.

With mortgage term life insurance you can get affordable rates and the coverage you need to fit your specific mortgage.

You select a duration of coverage (term) that matches your loan - 15, 20 or 30 years.

And, choose an amount of life insurance that matches the amount you currently owe on your home mortgage loan.

That way, your family will having the money needed to pay off your mortgage should you pass away before the loan is fully repaid.

Learn more about mortgage term life insurance and how it works.