Mortgage life protection

A death benefit sized to your mortgage — paid to your family.

Standard level term life insurance, but scoped to the specific problem: keeping the payment made after a loss.

Mortgage life protection

Protects your family.

Benefit is paid directly to the beneficiary you name. They decide whether to pay off the mortgage in full, keep making the monthly payment, or use it for other essentials while they get their footing.

PMI (private mortgage insurance)

Protects the lender.

PMI is required by lenders on many loans with less than 20% down. If you die or default, the payout goes to the bank — not your family. It's a loan-repayment product, not a family-protection product.

How coverage is sized

Two ways to size the benefit.

You don't have to insure the entire loan balance for coverage to matter.

Sized to the full mortgage balance

Traditional approach — the benefit is set at (or slightly above) your current loan balance so a beneficiary can pay it off outright. Simplest to explain, but premiums scale with the balance.

Sized to N years of payments

Alternative approach — insure the monthly P&I × 12 × a chosen number of years (say 10 or 15). Coverage keeps the payment made through the stretch that matters most, often at a meaningfully lower premium.

Term lengths

Match the term to the mortgage.

10-year

Late-mortgage households with under a decade left.

15-year

Common for households in the middle years of a 30-year loan.

20-year

Newer 30-year loans where the bulk of the balance remains.

30-year

First-time buyers who want coverage matched to the full loan term.

Ready to size your coverage?

Let's price mortgage life to your actual payment.

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