Mortgage Protection Life Insurance
Apply in 2 minutes... From less than $34/mo*
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COMPARE RATES FROM LEADING INSURERS
Frequently Asked Questions
What is the difference between mortgage protection insurance and homeowners insurance?
Mortgage Protection Insurance: Makes your premiums in case of job loss. Money goes to your family to pay off your mortgage if you become sick or injured and the funds are tax free. Coverage is portable – new home? Your mortgage protection plan travels with you.
Homeowners Insurance Covers: Damage to your home in severe weather and water conditions, theft of your belongings, vandalism of your house and property, fire damage to your home and personal injury lawsuits if someone gets hurt on your property.
Do I qualify for mortgage protection insurance?
In most cases, yes! Mortgage protection insurance has a very high acceptance rate as most plans are offered with simplified underwriting (you won’t have to take a medical exam to qualify).
When should I buy mortgage protection insurance?
If you have a mortgage on your home, or if you are in the process of obtaining a mortgage, you should consider acquiring mortgage protection insurance.
Can I afford mortgage protection insurance?
Mortgage protection is one of the most inexpensive types of insurance, and it’s often a more affordable option than purchasing a separate whole life policy to pay off your mortgage in the event of your death.
*$34 per month cost based on average monthly cost of Mortgage Protection Policy advertised for borrowers ages 18- 60 with $200,000 death benefit and up to $1,500 per month in disability income protection. Based on national rates in all states where advertised. This policy has limitations and exclusions. Coverage and pricing is subject to eligibility and underwriting criteria. Please carefully read and review your policy for the terms and conditions of this coverage. Any quote that is present is only an estimate and the actual premium and rate may vary.
