Mortgage Protection

Life Insurance Ensures Your Home is Paid No Matter What Happens To You!

Mortgage Protection

Life Insurance Ensures Your Home is Paid No Matter What Happens To You!

Benefits of Mortgage Protection Life Insurance

Protects your income

In the event you are unable to work due to a critical, chronic or terminal illness, your mortgage protection life insurance can supplement your income.

Pays off the mortgage

Mortgage protection life insurance can pay off the home upon your death and also be used to protect mortgage payments until your family sells the home.

Avoids a financial burden

Mortgage protection life insurance helps your family avoid the financial burden managing mortgage payments when there is major medical event or death.

Best Mortgage Protection Life Insurance Companies

Mutual of Omaha

  • Flexible options for homeowners

  • Great customer and policy support

  • Excellent financial strength

  • No medical exams

  • Extra perks to save on every day expenses

Foresters Financial

  • Pre-exisiting conditions accepted (such as Diabetes)

  • Additional benefits to protect your children

  • No medical exams

  • Affordable rates for homeowners

  • Excellent financial strength

Is Mortgage Protection Life Insurance Worth It?

Yes, this type of life insurance is designed to help your family pay off the mortgage upon death or have money available to make mortgage payments if you become seriously ill.

Owning a home is a dream, but that can turn into a financial disaster if you lose the ability to work and can no longer afford to make mortgage payments.

The thought of your loved ones struggling to keep the house without your income can be overwhelming.

Without a safety net, your family could face losing the home you worked so hard to secure or unmanageable mortgage payments.

Protect Your Home with Mortgage Life Insurance

Frequently Asked Questions

Question 1: How much does mortgage protection life insurance cost??

The average cost of mortgage protection life insurance is $90-$200 and is based on your coverage amount, age, health, state of residence and smoker/non-smoker status.

Question 2: What is the age limit for mortgage life insurance?

Age limit 18-85. Getting mortgage protection life insurance as soon as you close on your home reduces the risk of aging out.

Question 3: How many years do you have to pay mortgage insurance?

If you sell the home you no longer need to keep paying for mortgage protection. As long as you have a balance on your home, you need mortage protection life insurance.