Protection
Mortgage Protection
A life insurance policy designed to pay down or pay off your mortgage if you pass away or can’t work.
Who this is for
New homeowners
You just bought and want to know the house stays in the family no matter what.
Recently refinanced
Your loan reset and you want coverage that matches the new balance and term.
Single-income households
One paycheck carries the mortgage, and you want a backstop if it disappears.
How it works
Mortgage protection is typically term life insurance sized to your loan. If the covered person dies during the term, the tax-free benefit goes to your family — not the bank — so they decide how to use it. Many policies offer living-benefit riders that can pay out if you become seriously ill or disabled, which is often when families need help most.
Common questions
Not usually. Lender-paid mortgage insurance protects the bank. A policy you own protects your family and pays them directly — they choose whether to pay the mortgage or use it for other needs.
Have questions about this coverage?
A free, no-pressure conversation about your family, your budget, and your options.
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