Affordable Life Insurance Protection for Your Family
Can I buy online mortgage life insurance protection?
Yes. You can buy life insurance coverage to protect your home mortgage loan on the internet.
Usually, people ages 18 to 65 may qualify for coverage.
How much mortgage protection life insurance can I get online?
Some insurers offer up to $2,000,000 (or more) of mortgage term life insurance providing coverage for up to 30 years to match the duration of your home loan.
Do I have to take a physical exam to get insured?
Although some insurers may require a medical exam, there is a life insurer that offers coverage with no exam required, just some health questions for you to answer. If you qualify, you may not need any health examination.
How long does it take to get insured for mortgage life insurance?
In the past it would take up to 6-8 weeks to get your insurance policy to protect your mortgage. However, some insurers offer same day coverage with one life insurance carrier providing immediate coverage upon approval once you complete your online application.
How does it work?
You can get a price quote, apply online and start your mortgage insurance policy today, if you qualify. Your approval is based on the answers to the health questions asked on the application.
It takes about 15-20 minutes to complete the application. Once complete you may receive approval the same day.
Once approved, you can select a payment option and start your coverage.
Are there any age restrictions to purchase mortgage protection life insurance?
Like many other types of life insurance, mortgage protection insurance may not be available after a certain age.
For example, some insurers only offer 30 year mortgage insurance to applicants age 45 or younger.
And, you may need to be age 60 or younger to get a 15 year policy.
How life insurance protects your mortgage
By purchasing life insurance you can leave your spouse or family member the necessary funds to help pay off the outstanding balance owed on your home mortgage loan. That way, your loved ones can remain in the home they shared with you.