So, if you have a $250,000 mortgage loan on your home and the mortgage loan is for 30 years, you may want to buy a 30 year mortgage life insurance policy with a death benefit of $250,000.
That way, if you pass away before the loan is paid off, your family will have the money to pay off the remaining balance on the mortgage and remain in the home they shared with you.
That means, you have peace of mind knowing your family will keep their home in case you pass away, and your loved ones will have the financial security of a home in which they shared so many memories with you.
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