Insurance term
Mortgage Life Insurance
A life insurance policy designed to pay off your remaining mortgage balance if you die, so your family can keep the home. The benefit typically decreases as you pay down the loan.
Example
If the insured dies with $180,000 left on the mortgage, this policy pays that balance so the family keeps the house.
Related coverage
Life Insurance
Secure your family's future with comprehensive life insurance coverage.
Comparisons to help you decide
Ready to protect what matters?
Get a free, no-obligation quote. Our bilingual agents compare options from several carriers to find an alternative that fits your needs and budget.