Mortgage Payoff Insurance

Learn About Mortgage Payoff Insurance

Are you looking for affordable life insurance to protect your mortgage and help your family pay off your mortgage loan if you pass away?

If so, you may want to review your options for mortgage life insurance before choosing a plan.

Many homeowners today are choosing mortgage life insurance with level coverage and level rates that remain the same each year for the entire length of their life insurance policy.

Request Your Mortgage Payoff Life Insurance Quotes


When comparing life insurance plans to protect your mortgage, you may want to consider how many years you need coverage, what type of life insurance you need, and how much you can afford, as well as, how much life insurance you need.

Mortgage life insurance usually provides coverage for 10, 15, 20, or 30 years. If you have a 30 year mortgage, you may want to choose coverage for a term of 30 years.


How much mortgage protection do you need?

Well, what is the outstanding mortgage loan amount? If it’s $300,000 then you may want to purchase $300,000 of coverage.


What type of life insurance is right for you, to protect your family, and your mortgage?

Mortgage life insurance protection is life insurance that provides money to pay off your mortgage in case you die while the mortgage is not fully paid off.

The original type of mortgage protection insurance followed the balance of your mortgage. As your mortgage amount decreased over the years, so did the amount of your mortgage insurance.

Today, it makes sense to get mortgage term life insurance equal to the amount of your original mortgage amount, instead of a decreasing amount of life insurance.

It has become more common to buy the most inexpensive level term life insurance with rates guaranteed for 20 or 30 years. The reason most people choose level term insurance to protect their mortgage is because rates are more competitive, and the premium and amount of coverage can be guaranteed for the full term of the policy.


Level Term Life Insurance makes more sense for your Mortgage Protection for the following Reasons:

  1. Life insurance with guaranteed lower rates than a mortgage life insurance policy.
  2. Coverage that will pay off your mortgage in case of your death.
  3. The life insurance amount does not decrease.

To get a level term life insurance quote to protect your family and your mortgage, click here. We've partnered with 1ClickCoverage to give you the best quotes from five top-rated insurers. Fill out one easy form and get your free life insurance quotes. If you like your quote, you can apply for coverage. Get a FREE Life Insurance Quote.


Mortgage Payoff Insurance Quotes


Top Pick – 1ClickCoverage
Compare the top 5 term life quotes from our network of over 100 leading life insurance companies in less than 2 minutes! Save up to 70%. Request your free quotes for term life insurance.


Highly Recommended – National Life Group
Buy $25,000 to $350,000 of term life insurance online with no medical exam required. Rated "A" (Excellent) by AM Best for financial strength. National Life was founded in 1848. If approved, you may start your life insurance policy the same day. Get your free life insurance quote now.


Highly Recommended – National Guardian Life
NGL was established in 1910 and is rated "A-" (Excellent) by AM Best for financial strength. People age 40 to 80 may qualify to buy up to $400,000 of single premium whole life insurance with no medical exam. The minimum premium is $10,000 for this single payment life insurance that provides lifetime coverage. Get your instant quote and apply online. If approved, you may start your whole life insurance policy today. Request your free whole life insurance quote.


Protecting your family in case you pass away, by purchasing mortgage life insurance to help pay off your mortgage, can be one of the most important things you do to protect your family’s future. Take time today to protect the ones you love.



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