Mortgage Protection
A Home Is Where Their Tomorrow Begins.
Buying or owning a home comes with a financial commitment. Explore how life insurance may help your loved ones manage that responsibility if something happens to you.
Review Your Protection OptionsUnderstanding the Basics
What to know, in plain English.
What mortgage protection generally means
"Mortgage protection" usually describes life insurance a homeowner chooses with their mortgage in mind. If you pass away while the policy is in force, a death benefit is paid to the beneficiaries you name, who may use it toward the mortgage or other needs.
Using personally owned term life insurance
Many families consider term life insurance, which provides coverage for a set number of years, sometimes chosen to align with the length of a mortgage. Because the policy is owned by you, it isn't tied to your lender or employer.
How death benefits work
The death benefit is generally paid to your beneficiaries, not to your lender. Your family decides how to use it — the mortgage, everyday expenses, childcare, or anything else they need.
Why your existing coverage matters
You may already have life insurance through work or a personal policy. Reviewing what you have — and whether it stays with you if you change jobs — helps avoid duplicating coverage or leaving gaps.
What affects eligibility and cost
Carriers typically consider age, health, tobacco use, the coverage amount, and the length of coverage. Availability and terms vary by carrier and state, and all coverage is subject to underwriting.
Why the right amount varies
Every family is different. Mortgage balance, other debts, income, savings, existing coverage, and your goals for the people you love all shape what may be suitable.
Important to know
Life insurance is optional and separate from homeowners insurance, private mortgage insurance, and any lender-required coverage. You never need to purchase life insurance to qualify for or close on a mortgage.
Questions
Frequently asked.
The Future You're Building Deserves a Conversation.
Start with a personal review of your life insurance needs and the financial responsibilities that matter to your family.